Block of apartments/mixed units, Floriana

€ 12,000
Description
An Unconverted block of three 51sqm apartments. An approved planning permit is alson in hand to construct a 46sqm penthouse. So there will be a total of four units.The block is up for long lease (12years) in its current unconverted state for the annual rent of 12.000 euro.Rent will increase by 5% every two years until the 10th year. The rent for year 11 & 12 shall be 18.300 euro annually.This lease is subject that the client will carry out a renovation of the building (including installation of lift), at client\'s expense.Planning Authority permits are already approved in hand.Client needs to pay the refundable bank guarantee to Planning Authority until works are complete, amounting to 8.323 euro.Security deposit on the lease: 1.000 euro.
Internal Reference Number
LF-LBOA55440
Property for
Rent
Posted
Jul 06, 2021
Location
City
Floriana
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