Sliema - Office
€650,000 For Sale


Property Details

Furnished Offices (Tenanted) - Sliema.

Immediate Income from Current 9 Years Tenancy Agreement

Excellent buy to let investment at 5.5% return on investment

This is a suite of ground floor offices with option to acquire comprising approx. Floor space measuring 130sqm this premises is conveniently located a few hundred yards from Balluta Bay. The property is newly refurbished with top standards designed to appeal to iGaming / Financial companies, professional firms or other high end office users. It includes new air-conditioning, partition walls, ceilings and floor, new bathrooms and kitchen, lighting, painting and decorating, Cat. 6 cabling and a generator. The finish will be complete except movable items such as desks, chairs and wall units although these can be provided to a suitable tenant at an additional rent.

Premises is currently lease out for 9 years with 7 years unbreakable contract at €36,000 per annum increasing by 4% every 2 years.