Real Estate for Sale: Sliema, Malta, Irish Bar and Resturant - Seafront, in front of yacht marina

Asking Price: $950,000
Location: Seafront, in front of yacht marina
City: Gizra
State/Province: Sliema
Country: Malta
Type: Business

The “O Kelly’s Irish Bar & Restaurant” project began in November 2004 with the renovation and outfitting of a former bar and restaurant site the 19 steps. This prime location has been a Bar Restaurant since 1965 but was closed in 1998 and lay in shell form until new groundwork construction began in November2004.
Today “O Kelly’s” stands on the Ta Xbiex sea front as Malta’s largest Irish Bar with four floors each covering seventy five square meters providing for a diverse range of settings all over looking one of the best views on the Island.
The final phase of this project will see O Kelly’s launched as one of Malta’s premier leisure locations for both local patrons and tourists alike. Investos are invited to join this development and to own a percentage of the bars operation and also a share in the ownership of this extremely lucrative property
THE OPPORTUNITY
• Opportunity to acquire your own share in an Irish Bar currently trading in Malta which is about to expand exponentially
• Opportunity to acquire ownership in a property which is located on the sea front strategically situated at the junction between the tourist and shopping district of Sliema and the business and commerce district of Ta Xbeix opening onto the Islands premier yacht marina.
• The property is at the gateway to Manoel Island a Euro 45 million leisure property development due to start construction next year.
• All four floors of the building have commanding views of some of Malta’s most important and historic sites. These include Marasamxett harbour, Manoel Island with the Royal Malta Yacht Club, and the old bastions of Valletta, Europe’s most fortified city and Malta’s capital.
• Invest ahead of the arrival of “Ryan Air” which is projected to inject an extra one million tourists into the Maltese Economy. This will increase tourist numbers to the Island by over 100% Note Ryan Air are now flying to Malta from London, Pisa in Italy (as of from Oct 2006). Flights from Ireland and Spain are due to begin in February 2007