This corner airspace in St. Paul's Bay presents an exceptional investment opportunity in a tranquil residential area, conveniently close to daily amenities. With an approved outline permit for the construction of three additional floors, developers can create 12 new units designed for optimal living space. The existing freehold block consists of 30 residential units, and a recent surveyor's report confirms that while modernization could enhance the property, no major structural interventions are necessary. This project is particularly appealing for those looking to capitalize on a well-positioned development with significant potential.