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Property description
An uprising opportunity to purchase a Business Centre in an area designated a Central Trade District in the island of Malta, Europe.
Price includes:
1. 150square metre 1st floor industrial Class 11 space (11 courses high ceiling). EXISTING
2. 150square metre 2nd floor 3 bedroom apartment. EXISTING
3. 150square metre 3rd floor Office space. PROPOSED
4. 60square metre 4th floor Penthouse with 90square metres terrace PROPOSED
510m2 internal, 90m2 external
Property is Freehold.
Structurally sound (Engineers report can be provided upon request)
AIRSPACE INCLUDED Plans in hand to build two further floors (as per note above)
Utility metres (Electricity & Water) are installed and running.
Existing Approved plans in hand
Permits in hand are Class 11 (Full industrial) for 1st floor and 2nd floor has a residential permit (can easily become commercial on request)
For Sale @ a competitive price of €560,000. DIRECT FROM OWNER. Valuations in hand are over asking price.
All local valuations to convert to offices are in hand (Passenger lift, gypsum, cassette air-conditioning, parquet floor, biuding costs).
If you would like to buy to let, with all 4 floors running, let rate has been quoted to be €4,500 monthly (€54000 per annum) = 9.64% Return of Investment (ROI)
Call now on (+356) 79355347
Property Address:
Kargo
San Gwakkin road/Corner with Triq l-Arkata l-Baxxa
Mriehel, Birkirkara
Mrieħel to become a Central Trade District (Friday, November 24, 2017, 17:12)
https://www.timesofmalta.com/articles/view/20171124/business/mriehel-to-become-a-central-trade-district.663949