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Retire in Malta and run a small Guesthouse at the same time!

3284689422_b4388f0339Its no secret that life in Malta is pretty good. Boasting over 250 days of sunshine every year, located right in the middle of the med, between Africa and Europe, Malta has always intrigues visitors from far & wide. Couple that with English speaking natives, lots of great beaches, fantastic culinary delights a relatively safe and easy way of life with great health and medical care and you have a fantastic recipe for a place to retire!

Even better – one can retire here and run a small business in the meantime.

Finding investment opportunities in real estate however, can be a tricky task. With a wide selection of different kinds of properties and different lifestyles (even though on a tiny island) choosing the right spot can be a daunting task, especially since Malta ‘s economy and construction never seems to be slowing down.

Circle in on the more sought after areas, and you’re sweating. The truth is, finding good property in a hot spot area such as Sliema is hard and finding one at a good price can often seem impossible.

The buzz of shoppers dipping in and out of every retail store, the gorgeous views of Valletta and a calm sea, as well as an array of gastro delights lining the promenade all account for the growing interest in investing in this top destination. And whilst finding a fully restored townhouse in this town might be akin to searching for polar bears in Africa, one has just made itself available for sale.

Located just a few metres away from the seafront and with an abundance of cafe’s and top stores all within arm’s reach, is this double fronted townhouse which has only recently been refurbished and granted permits for a boutique guesthouse.

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Its elegant design benefits from bespoke finishes that retain many of its original period features. Its designers, having already worked on a number of stellar projects, have encapsulated the true beauty of this townhouse giving a sense of sheer elegance as one walks throughout.

Upon entering this townhouse, one finds bilateral rooms, each having been designed as guest rooms with private ensuites. Further into the property is the private backyard which retains a great deal of light and airiness and is perfect for outdoor dining and summer barbecues. On the first floor, further guest rooms, again all ensuite and uniquely designed to give a different feel to its visitors. On the lower level, one finds a beautifully designed kitchen and reception area open for guests’ use enjoying a fireplace and a further guest room.

This property is being offered as a going concern, lock stock and barrel and ready for operation. Offering 7 double bedrooms, finished to an impeccable standard, this townhouse could also make for an excellent family home. Its superior location and carefully designed layout, gives the discernible buyer assurance of it’s potential and is truly an opportunity not to be missed.

Offered at a guide price of between €1,175,000 and €1,275,000, this magnificent property has already attracted interest from both home and overseas buyers. Similar guest houses nearby rent rooms at approx €120pn with a 90% annual occupancy. This leaves a fantastic ROI!

Prices in many parts of Malta continue to rise, particularly in the Sliema area, making this property extremely attractive both in terms of residential and commercial use as well as its exceptionally competitive price. A number of houses were sold last year without ever appearing on the open market making opportunities such as these a rare commodity, so if its interests you contact us immediately on sarah@pierrefaure.com