Ref: HC600698



5 Bedrooms

5 Bathrooms

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This beautiful unconverted Palazzo is situated right in the centre of the commercial part of central Valletta in a pedestrianized street, a few meters from the President's Palace and Suq tal-Belt. The property is ideal as a project for offices since it is close to the law courts, or ideally a 6-8 double bedroom Boutique Hotel, with a busy cafeteria or restaurant, with the potential for outside seating in reserved area in the street in front (subject to permit), which is as yet unoccupied, giving good turn-over of tables and income generation. The property consists of a nice entrance, complete with vaulted ceiling and patterned tiles, that leads onto 3 sizable rooms at ground floor level, as well as other smaller rooms. A characteristic courtyard that is presently roofed over is located in the middle of the Palazzo, and two separate steps that lead down to basement level, but have however been closed off. An imposing staircase giving onto the courtyard leads to the second floor which largely replicates the ground floor. The property enjoys the full third floor which replicates the other floors plus has a huge room that is around 12m x 5m and enjoys two windows and a typical Maltese balcony, that can easily be converted into two separate rooms with ensuite facilities. The house next door has two more floors, and thus there is potential for development at roof level. This property is structurally sound and all rooms enjoy high ceilings.

Property Features

Reference Number: HC600698
Property Type: Palazzo
Property: For Sale
Bedrooms: 5
No of Bathrooms: 5
Kitchen: 1
Dining Room: 1
Living Room: 1
Sitting Room: 1
No.of Reception: 2
Study: Yes
Hallway: 1
Yard: Yes
Balcony: 2
Terraces: Yes

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