A block of apartments including airspace situated in an excellent touristic location.
The block already has 6 units (on 3 floors) that were built in the 80s and since the zone is in a prime touristic area, PA would allow for a total of 8 floors (25m total building height), meaning a development possibility of another 6 + penthouse/s units on top of the current apartments (totaling 13-14 units).
Each floor currently consists of two apartments and the layout of each apartment comprises of two double bedrooms and a spacious open plan kitchen/living area with a large balcony.
Within walking distance to all amenities:
1 min walk to a Supermarket
2 mins walk to the Bus Terminal
3 mins walk to the Beach
8 mins walk to the Bugibba Square
Moreover, if you are interested in a larger scale project the adjoining excavated site and property can also be included with a total footprint of over 700m²
This corner site would make an ideal mixed development project such as a lovely 4-star hotel with around 100-rooms (most with private balconies) in which case this project will benefit in extra floor levels along with the possibility of even developing the adjacent 1,800m² piazza into a huge underground parking facility for 250+ cars.
ref no. 22545
