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Investment opportunity! Townhouse in Victoria, Gozo
Ref. No: 54335
- LOCATION: Gozo - Victoria
- Area 175 Sq metres
-
PRICE:€
225,000.00/ 475.00 - Longlet: Yes
- Property Sale: No
Excellent investment opportunity for anyone interested in setting up a residence or starting a holiday rental business in the picturesque town of Victoria, Gozo. Located in the heart of the city center, it boasts a prime location near the renowned St. George’s Basilica, which adds to its allure.
Currently, the townhouse remains unconverted, offering the new owner a blank canvas to transform it into a profitable venture. The property comprises a kitchen, two spacious double bedrooms, a single bathroom, a study area, a small yard, and a full roof, providing plenty of space for potential guests or residents.
A significant advantage of this property is the recently-approved planning permit, allowing for the conversion of the existing structure and even the construction of an additional receded floor. The inclusion of a new receded floor would offer visitors or occupants the opportunity to enjoy stunning distant views of the surrounding area.
The current owner is open to letting the property with the condition that the tenant completes the conversion within two years and is renting the property for at least ten years. This arrangement is perfect for those seeking a ready-to-run short or long let business, as well as investors interested in making a long-term commitment to the holiday rental market.
Aside from its potential as a holiday rental, the townhouse can also be an ideal residence for a family looking to settle in the vibrant capital’s hub. Being in close proximity to all daily amenities and within walking distance of key locations in Victoria, it offers convenience and accessibility.
In summary, this townhouse in Victoria, Gozo, presents a fantastic opportunity for investors and those seeking to establish a holiday rental business or a cozy family home. With its central location, the prospect of a new receded floor, and the recently-approved planning permit, this property is primed for success in the short-term or long-term rental market.
About the area: Gozo
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