An exceptional investment opportunity awaits in the vibrant heart of Sliema. This substantial 500 sqm freehold property, currently a traditional townhouse, comes with approved permits for a comprehensive redevelopment. The plans envision two street-level retail units, a generous office space, a 90 sqm maisonette, and five distinct apartments. Crowning the development is an impressive 300 sqm penthouse, designed to offer a private pool and expansive open views. Situated on a 250 sqm plot, the property retains some charming original features, such as patterned floor tiles, offering a blend of heritage and modern potential. Its prime, central location ensures proximity to Sliema's abundant amenities, including the seafront, hotels, and essential services, all within easy walking distance. This unique offering is perfectly suited for a significant commercial, residential, or hospitality project.