Paceville Finished Hotel

A rare find – a large 5 storey hotel currently for sale in Paceville/St Julian’s in the top location of the Portomaso area. The property was recently built and is rented out with a very good ROI. It is currently being used as a hostel but could also be converted into a boutique hotel. The property currently has 16 small rooms with bathrooms, separate kitchen and common room, and jacuzzi on the roof. Permits are also in hand for a further 2 recessed floors. The footprint of the property is 110sqm. This is a unique opportunity to acquire a hotel in this area and in this price range. The accommodation is currently in operation – it is fully finished and furnished with high quality Italian products. Highly worth viewing.