Triq San Mikiel
Cospicua

€245,000
Direct from owner
Ready by October 2026
Tax free (UCA & freehold)
2 Bedrooms | Furnished | Airbnb Ready

Fully renovated designer apartment combining traditional Maltese character with modern finishes, ready to move into or operate as a short-term rental from day one.

Description

Located in a quiet alley in the heart of Bormla (Cospicua), this two-bedroom apartment is in the final stages of a complete, high-quality renovation and is expected to be turnkey ready by October 2026.Purchasing directly from the owner eliminates agency fees, while the property's location within an Urban Conservation Area (UCA) offers a tax free transfer to buyers.The apartment will be sold fully furnished and can be delivered ready for short-term rental, including a Malta Tourism Authority (MTA) short-let licence, professional property management, and active Airbnb and Booking.com listings. This allows investors the opportunity to begin generating rental income from the date of ownership transfer.Situated on the second floor of a small block with only five apartments, the property enjoys a peaceful setting within walking distance of the Bormla waterfront, restaurants, shops, the Valletta ferry, the American University of Malta, and other local amenities.

Property

  • Approx. 35 m²

  • 2 Bedrooms

  • Tax free (UCA & freehold)

  • Shared roof with views

  • Small block of only 5 apartments

  • Traditional Maltese balcony

New Renovation Works

  • Electrical

  • Plumbing

  • Gypsum ceilings

  • Flooring

  • Kitchen

  • Bathroom

  • Plaster & painting

  • Rear windows

  • Doors

Finishings

  • Fully furnished

  • 3 Smart ACs

  • Storage bed

  • Built-in fridge/freezer

  • Dishwasher

  • Washer/dryer

  • Oven & induction hob

Renders

Shotlet Potential

According to AirDNA market analytics, comparable listings in the area suggest a projected revenue of approximately €28,400.(Estimate only. Actual performance depends on pricing, occupancy, management and market conditions.)

Location

29 Triq San Mikiel, Cospicua

  • 4-minute walk -> American University

  • 5-minute walk -> Waterfront

  • 6-minutes walk -> Bormla Gardens

  • 9-minutes walk -> Valletta Ferry

Contact

99635772

Raffaele Acquaro
+356 9963 5772Private viewings on request
Plans & certificates available at inspection