
VALLETTA - This is a great idea for a guesthouse! The building would need to be renovated to meet the needs of a guesthouse, but the structure and location are ideal. Depending on the local zoning laws, you may need to obtain permission to build a guesthouse if it is not already permitted. The building's seven floors could house 13 rooms, with bathrooms on each level. To meet the needs of an office corporation, the rooms could be renovated to provide a larger communal area on each floor, as well as a kitchen and other amenities. Additionally, a lift would need to be installed to provide easy access to all floors. The building's 260 square meters of freehold property would also provide ample space for any necessary renovations.
Reference: SOFB7908
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Estimated monthly payment: €3,733/mo
Get Mortgage Quote*Estimate based on 80% LTV, 4% rate over 25 years