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€5,750,000

Est. €24,113/mo mortgage

Hotel with a Roof Terrace

St Julian's, Malta · REF 40864

    About this property

    • Airconditioning
    • Lift
    • Views
    • Terrace
    • Hotels/Guest Houses
    • Rental Investment
    • Site

    3*Star Hotel is now available for sale from our real estate Malta agency, situated in the heart of St. Julians, a prime location for tourists and locals alike. Fully refurbished in August 2014. There are 6 floors, currently having 28 rooms. Reception area, lobby, breakfast room, back terrace, fully equipped kitchen, common area bathrooms and stores are on the ground floor. There are 6 rooms on each floor starting from the first floor and 4 rooms on the fifth ( 2 of which have large terraces). There are 20 double rooms and 8 triple rooms. Each floor has a laundry store.         Gas water heating system that guarantees a constant flow of hot water. There are also electric water heaters on each floor as an alternative. The architect has confirmed that there is a possibility to build 2 additional floors plus a penthouse and possibly also 3 additional floors plus penthouse, however the third additional  floor is still to be confirmed.  The type of rooms are set as follows: 4 economy/standard rooms ( which are internal rooms), 9 comfort rooms, 11 deluxe rooms and 4 superior deluxe ( 24 rooms all  have a window / balcony / terrace). View of Spinola Bay is visible from the third floor, which enables higher rates. Hotel reservation software to automate reservations from online distributors such as Booking.com, Expedia and several others. This hotel has built a solid reputation and has a score of 8/10 on Booking.com and ranks high on Tripadvisor and other booking engines within the hotels in St. Julians.

    Mortgage calculator

    €24,113 per month

    Fixed 3.8% interest rate, indicative

    Stamp duty calculator

    Estimated transfer tax

    €287,500

    • Standard rate (5%)€287,500

    The property is located in St Julian's

    Emma Cooper

    Listed by Simon Mamo

    Listings are aggregated from public sources with attribution. Polite Homes is an independent company. Report this listing

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