St Pauls Bay - Hotel
€7,700,000 Reduced

{$availability} Awaiting Images for St Pauls Bay, Malta

Property Details

Hotel - North.

Situated on a footprint measuring about 1,100sqm in a sunny quiet road - a stone's throw away from the beach, restaurants, amenities, promenade, bus station etc.

The 70 bedrooms are modernly finished, they enjoy a balcony/terrace, A/C & fully equipped kitchens with a total of 238 beds/sofa beds as follows:

1 x Studio apartment (sleeps 2) = 2,
6 x 1 bedroom apartment (sleeps 3) = 18,
19 x 1 bedroom apartment (sleeps 4) = 76,
9 x 1 bedroom apartment (sleeps 4) = 36,
10 x 2 bedroom apartment (sleeps 6) = 60,
1 x 3 bedroom apartment (sleeps 7) = 7,
3 x Hotel room (sleeps 2) = 6,
3 x Hotel room (sleeps 3) = 9,
6 x Hotels room (sleeps 4) = 24.

PERMITS TO BUILD FURTHER FLOORS OF 10 UNITS WITH SEAVIEWS.

OPTION TO APPLY FOR PLANNING PERMITS FOR FURTHER FLOORS ON ANOTHER WING OF THE HOTEL TOO.

High occupancy level all year round thanks to the extremely high ranking on social media, ongoing tour operator contracts etc.

Operational & popular hotel refurbished in 2016. Includes a rooftop restaurant; rooftop outdoor pool with terrace and seaviews; heated indoor pool; multi-purpose hall; gym; sauna; mini-market; laundry (including industrial washers, dryers and ironer); self-service launderette (coin operated machines); 4 car garage/maintenance work area/store; plant room; emergency backup generator; power factor corrector; A/C Chillers; 2 Lifts; addressable fire alarm system throughout property; fire doors; CCTV system; back office & reservation system; pub etc.

Perpetual ground-rent.