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€245,000

€2,333/m²

Est. €1,027/mo mortgage

Garage (Residential) for sale in St Paul's Bay

St Paul's Bay, Malta · REF 240291037-175

  • 0bedrooms
  • 0bathrooms
  • 105 m²area

About this property

Discover a unique investment opportunity in St. Paul's Bay with this street-level residential garage, boasting a generous 105 sqm footprint. This freehold property, nestled within a private residential complex, transcends typical parking solutions. It features an existing upper level, accessible via an internal staircase, which significantly expands its usable area by extending over adjacent garages. This versatile space is currently utilized for storage but offers immense potential. Crucially, the sale includes the overlying airspace, presenting an exciting prospect for vertical development, subject to obtaining the necessary planning permits. Ideal for secure storage, a substantial workshop, or as a strategic asset for future expansion, this property represents a remarkable chance to acquire a adaptable space with significant long-term value in a sought-after location.

Mortgage calculator

€1,027 per month

Fixed 3.8% interest rate, indicative

Stamp duty calculator

Estimated stamp duty

€12,250

  • Standard rate (5%)€12,250

The property is located in St Paul's Bay

Steve Camilleri

Listed by RE/MAX Malta

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