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Hospitality

Cospicua (Bormla), Malta

€2,600,000

Ref: SHTL52426

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Property Description

This is a 17th century property situated in the main square of one of the three cities enjoying spectacular views of the Grand Harbour. This property is being sold semi-finished with renovated facade, doors and windows and all the necessary permits in hand to convert it into a 14 roomed Boutique Hotel having a lot of original features preserved and views in most of the rooms. The roof terrace can accommodate restaurant and pool overlooking the public square and harbour. The rooms will measure 24-70sqm. There is also a cafe downstairs that does not belong to the house but can be acquired for 39 years of use at a separate price of €300,000 and the current owners are ready to assist with that. This cafe can also be a good investment with its 12 tables capacity and make the project even more lucrative.

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This property is marketed by

Mark Molnar

mark@letbuymark.com

213 77992