Valletta - Hotel
€220,000 P/A (Long Let) To Let

Property Details

Valletta Office Block or Hotel (20 Rooms) + Restaurant / Bar

The site is currently an office building measuring circa 700sqm (140sqm by 5 floors).

It's a lovely corner site so no internal area is wasted and all rooms are looking out onto Valletta's most loved and popular streets.

It currently has MTA permit for a 20 room guesthouse and we are currently awaiting Mepa approval.

Conversion costs to Hotel estimated at €500,000 to €700,000.

It could naturally remain as is as an office block!

Part of site is freehold and part (circa 75% is on a 70 year lease) ground rent not revisable from Government

For sale too.