Flats in Qormi

Investment Opportunity! This apartment in Qormi, located near an ODZ area, is already leased until early August 2031. The property includes a cozy sitting and living area, a kitchen, a dining room with a terrace, a bathroom, three bedrooms, and a back terrace. As the new owner, you will take over as the lessor, receiving a monthly rent of €663.26 directly from the Housing Authority. This rent amount will increase by 2% annually. What`s more, the rent will be paid to you every six months IN ADVANCE, ensuring a steady and reliable income without the hassle of collecting rent from the sub-tenant. This rental income is NOT subject to tax.