This remarkable 5th floor penthouse in St. Paul's Bay offers a unique opportunity for investment, complete with its own roof and airspace. The property features a front terrace, a bright living and dining area, a kitchenette, a study room that can serve as a spare bedroom, a main bedroom, and a bathroom. Additionally, a spacious back terrace enhances outdoor living. With permits in hand for converting the current penthouse into an apartment and constructing a 6th floor penthouse, this freehold property is a must-see for discerning buyers.