Birkirkara, Finished Cafeteria

A freehold property currently holding a catering outlet with a Class 4D permit issued in accordance to all health and safety criteria, holding all PA permits and MTA licences. The property has been stripped down to shell format and totally refurbished in 2018. The property is currently under contract for a 3 year ‘Di Fermo’ period (since October 2018) with an option for the tenant to continue the lease for the following 7 years. It is situated at ground floor level in the highly requested and commercial road, Triq In-Naxxar with and additional second entrance to the property on Triq IL-Papa Piju XII. The property is currently being rented out at €65 per day (excluding VAT) with incremental rental amounts throughout the contract period. The Class 4D licence belongs to the Landlord and not the operator ‘Tenant’. All operating yearly licences and permits are paid by the operator ‘Tenant’. This is a plug and play rental investment which has a fantastic return with an ever-increasing property value.