South - Site for Development
POA For Sale

Awaiting Images for South

Property Details

SITE FOR DEVELOPMENT in the South of Malta.

Virtually fully detached site measuring about 17,000sqm. Strategically located on main arteries and close to the airport. Final project will create easily accessible public spaces with sidewalks and various commercial premises including a 110 bed hostel, offices, meeting rooms, gym, spa, indoor and outdoor swimming pools, medical facilities as follows:

22,267sqm shopping mall with retail outlets, food court and supermarket;

7,940sqm soccer academy;

2,180sqm football clubhouse;

13,500sqm football stadium with 827 seats and a futsal pitch;

31,693sqm car park enjoying 826 parking spots.

Estimated cost to build and finish the project amounts to about €35,000,000. Presently seeking a co-investor with a shareholding of 30%.

Investor would have to advertise the Football Club to the tune of €80,000/year.

65 year lease; rent to be paid would amount to about €250,000/year plus 0.5% of the turnover.

77 Ltd's commission amounts to €100,000 (plus VAT if any) paid by Co-investor.

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Potential annual revenue approximately €50,000,000 and annual EBITDA of approximately 10%.