A non-converted condominium in Floriana currently consists of 3 x 1-bedrooms, and a Planning Authority approved permit to build a studio penthouse at the level of the existing roof, thus having a total of four (4) approved residential units. All units are very comfortable in terms of size, with the 1 bedroom apartments having a total of 64 sqm each, while the penthouse enjoys an interior area of 46 sqm plus an additional 25 sqm of outdoor space. It is important to note that the penthouse will enjoy a very good view of the Grand Harbour, as well as a clear side view that extends all the way to Castille Square in Valletta.
Within the proposed drawings, a passenger elevator is also approved, which goes from the ground floor to the level of the penthouse. It is also important to note that there are no steps whatsoever when entering the building from the street, so the building can be made fully accessible.
A second proposal for a provision is also underway under which the building can be transformed into an annex capable of meeting all the requirements of the relevant competent authorities. This will include eight (8) rentable units for short-term rental purposes, as well as a reception area, breakfast room with adjacent food preparation area, and luggage storage.
The property needs structural work to repair the damaged ceilings and also to build the floor set back to the current roof level. The planning permit is already in progress and work can begin within a short period of time as the BCA authorization has already been obtained. A work contract can also be arranged for jobs involved up to shell form.
The property is just a 2-minute walk from King George V Gardens, which has just undergone renovations, where you can enjoy spectacular views of the Grand Harbour. The Valletta Main City Gate and the Valletta Waterfront are both just a 10-minute walk from the property, making it an ideal investment for both long and short stays.