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€985,000

Est. €4,131/mo mortgage

Block of Apartments for sale

Hamrun, Malta · REF 52392

  • 28bedrooms
  • 28bathrooms

About this property

  • Airconditioning
  • Lift
  • Furnished
  • Roof
  • Terrace
  • Hotels/Guest Houses
  • Apartments
  • Rental Investment
  • Block of Apartments
  • Business
  • Commercial

New on the market from our Malta real estate agency is this whole block of apartments with 6 units in Hamrun, constructed and finished in 2019.  All apartments have their own Water and Electricity meters. Office has a sub meter for Electricity connected to the Common parts’ 3 phase meter and its own Water meter. There is 1 unit at ground floor level with permit issued for an Office, 1 unit 2 bedroomed and 1 unit 1 bedroomed on both 1st and 2nd floors and 1 unit 3 bedroomed penthouse on the 3rd floor. The owners modified interior layout as follows to accommodate extra bedrooms. Ground floor Office converted into a 2 bedroom + 2 bathroom apartment (sleeps 4) 1st and 2nd floor 2 bedroomed unit added an extra bedroom (now sleeps 6) 1st and 2nd floor 1 bedroomed unit added an extra bedroom (now sleeps 3) Total beds for whole block is 4+6+3+6+3+6 = 28. All Units are highly finished and fully equipped. A/c in almost all rooms in all units. They are all currently rented out and generating a monthly income of €5200. Additionally the Roof of this Block is fitted out with 25 PV panels (8.75kwp). Must be seen!!

Mortgage calculator

€4,131 per month

Fixed 3.8% interest rate, indicative

Stamp duty calculator

Estimated transfer tax

€49,250

  • Standard rate (5%)€49,250

The property is located in Hamrun

Jeremy Naser Grech

Listed by Simon Mamo

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