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PT9366739 · For Sale

2 Bedrooms Apartment In Floriana

€900,000

Property description

An apartment block in Floriana which is going to be sold as a building in shell form, consisting of 3 x 1-bedroom apartments, and 1 x 1-bedroom penthouse, thus having a total of four (4) official residential units. All units are very comfortable in terms of size, with the 1-bedroom apartments having a total of 64sqm each, whilst the penthouse enjoys an internal area of 46sqm plus an additional 25sqm of external space. It is important to note that the penthouse will enjoy very good views of the Grand Harbour, as well as clear side views stretching up to Castille Square in Valletta. A passenger lift is also approved within the proposed drawings, that goes all the way from the ground floor up to the penthouse level. It is also important to note that there are no steps whatsoever when coming in to the building from the street, so the building can be made fully-accessible. The building is currently undergoing structural works in order to replace damaged ceilings, construction of the penthouse, as well as other building alterations that are required, to have the property ready in accordance with the approved permit. All construction works are scheduled to be complete by the end of January 2025. It an ideal investment both for long-lets as well as short-lets.

What it takes to buy this

Deposit (10% minimum)
€90,000
Stamp duty
€35,000
Cash needed to complete
€134,000
Monthly repayment over 30 years
€3,751 / mo

Indicative only, at 3.75% over the full term, and not a mortgage offer. Your own rate, term and circumstances will change these figures.

Location

Approximate

The highlighted area is approximate.

Market insight

Based on 6 homes for sale in Floriana.

  • Apartment

Typical asking price

€452,000

This home is around 99% above that.

€350K€900K

The highest priced of the 6.

Asking prices of homes currently listed with us, not achieved prices. Indicative, and not a valuation.

Marketed byExcel Homes

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