This exceptional development opportunity in Marsa offers a generous footprint of 245 sqm, perfectly positioned within a desirable 4+1 zone. The site currently features a substantial two-story elevated ground-floor maisonette, complete with its own private roof and expansive airspace. While the existing structure provides four bedrooms and two bathrooms, its true potential lies in redevelopment. Prospective buyers have the option to demolish the current building and construct a modern block of apartments, including a penthouse, subject to obtaining the necessary planning permits. Situated conveniently close to essential amenities, this property represents a prime investment for developers. Part exchange options may be considered.