PenthouseRef. P-1536
Site in St Paul's Bay
About this residence
St Paul’s Bay Dual-Opportunity Site
A rare, versatile development holding in a quiet residential pocket of St Paul’s Bay, steps from the beach and vibrant nightlife. The site comes with two fully scoped routes: Option 1 permits the creation of an approx. 45-room hotel with the potential to add two further floors, tapping directly into Malta’s year-round tourism demand. Option 2 offers a residential play, involving demolition of the existing townhouse, excavation of two basement parking levels, and construction of a ground-to-fifth-floor block plus a receded penthouse level, delivering a ground-floor 2-bedroom maisonette, 4 one-bedroom, 6 two-bedroom, and 4 three-bedroom apartments, crowned by a mix of 1- and 2-bedroom penthouses. Investors can pivot between hospitality income and strong residential capital growth in a single, superbly located site.
Option 1 - Hotel Development Option 2 - Residential Development
Property details
- Type
- Site
- Status
- For Sale
- Location
- St Paul's Bay, Malta
- Price
- €9,001,500
- Area
- 800 m²
- Reference
- P-1468
Helpful guides
Qualifies for Malta residency
At €9,001,500, this property meets the minimum purchase value for both the Malta Permanent Residence Programme (€375,000) and the Global Residence Programme (€275,000).
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