Malta property: Site for Hotel Development in Paceville

  • For Sale
Location: Paceville, Malta
Posted: 7 months ago
sale Price: €1,758,000

Property Description

  • Ref No: 53799
  • 760 SQM
  • 27 Rooms
Description
New to the market from our list of Malta sites for sale, is this 80sqm site for development of a Guest House / Hotel located in the heart of the bustling town of Paceville. Offered for sale subject to relevant permits being issued.
Suitable for the construction of a 27 room Hotel (each with en-suite) development spread over 9 floors (total of circa 760 square metres).
An excellent rental investment with a projected income of circa €460,000 per annum based upon a 85% occupancy rate.
Freehold.
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Malta property: Site for Hotel Development in Paceville
53799

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