Marsascala - Modern Townhouse, newly built and tastefully finished by present owner. Original layout consist of 3 bedrooms, 3 bathrooms (one ensuite), living area, kitchen, 3 balconies, spacious terrace and street level 2 car garage with backyard and bathroom. It is located in the historic centre of this charming village, just 3 minutes away from the main promenade, with easy access to everything - bus stop, beaches, promenade, restaurants, etc.
Recently, this house was converted into 4 separate apartments, on top of each other, and the present layout consists of 3 one bedroom apartments and one studio penthouse with terrace.
The location of this house makes it an excellent money making opportunity, and total rents from the 4 units amount to circa 38,000 euro per year (accounts available for viewing). The conversion was done using gypsum divisions, as such, the house (or parts of if) can be restored easily to its original layout. As such, for example, the top 2 floors can be amalgamated into one duplex apartment with terrace, and the other 2 floors used to keep renting out.
Marsascala popularity is ever increasing, and properties in the area made a lot of gains in the last years because of its beautiful location and letting potential. Not to mention a new university that is opening soon, and its proximity to the airport (20 mins) and smart city (15 mins). This has resulted in an ever increasing demand for rental properties around this area. Property is freehold.
For viewings or more information kindly contact me on the below contacts: Call or Sms / WhatsApp message and I will be looking forward to help you.