We are offering an exceptional investment opportunity in the heart of Malta.
The recently fully restored 5 star pension includes 5 apartments and a total of 380 square meter is located in one of the oldest
and most historic areas of Malta known as ‘the Three Cities’, which is only a short 5-minute walk away through the medieval Quarter of Cospicua to the spectacular waterfront displaying Malta’s newest marina development.
The guest house is currently operational and generates a stable yield of 4,5% per annum. However, the new owner could improve this result with minimum effort.
The property was built in the 18th century and was recently fully restored to its former glory, albeit with all modern-day conveniences (photos speak for themselves).
The entire property is priced at EUR 2,300,000 but can also be purchased per apartment at EUR 460,000.
A great compliment to the services of the pension is offered by the AXOPAR 37 cabin vessel which is for sale at EUR 200,000.
The guesthouese is located in one of the oldest and most historic areas of Malta, known as The Three Cities, which is central to everything.
The property was built in the 18th century and was recently fully restored to its former glory, albeit with all modern conveniencs.
The waterfront displaying Malta’s newest €12M marina development (containing several super yachts) is just a short 5-minute walk through the Medieval Quater of Cospicua.
Just recently, The Three Cities have undergone a major revitalisation as part of an EU funded initiative.
Malta’s International Airport is just 10 km away, and Malta’s capital city Valletta (a UNESCO world heritage site), is 15-minutes via ferry through the historic Grand Harbour.
Rinella Bay is just 1 km from here, where you will find the only sandy beach in the Grand Harbour, and SmartCity,
Malta’s latest €275M development for international business is less than a 4 km drive. If you fancy a round of golf, then the historic Royal Malta Golf Club is only 5 kms away.
Cospicua (also known as Bormla) is a double-fortified city located on the East side in the Grand Harbour of Malta, opposite Valletta. Cospicua is flanked by Senglea (Isla) on the West and Vittoriosa (Birgu) on the East, making up the Cottonera region, also known as The Three Cities. Cospicua is the largest of the three.
Cospicua has been inhabited since Neolithic times. Its maritime facilities started during ancient times around the Phoenician era c. 600 BC. Prior to the 18th century it was known as Bormla, a name that is still in use. Its fortification walls, constructed to protect the town and its neighbours Birgu and Isla, were built by the Order of Saint John. Construction began in 1638 but was not completed for another 70 years. In 1722, Grand Master Marc’Antonio Zondadari declared Bormla a city and in view of its strong bastions named it Città Cospicua.
The Three Cities offer an intriguing insight into Malta and its history. Left largely unvisited, these cities are a slice of authentic life as well as a glimpse into Malta’s maritime fortunes.
The Three Cities can rightly claim to be the cradle of Maltese history, as Cospicua, Vittoriosa, and Senglea have provided a home and fortress to almost every people who settled on the Islands.
Their harbour inlets have been in use since Phoenician times: the docks always providing a living for local people, but also leaving them vulnerable when Malta’s rulers were at war. As the first home to the Knights of St. John, the Three Cities’ palaces, churches, forts and bastions are far older than Valletta’s.
Call us today for more information! +36-30-476-6997
