For Sale Commercial $3,500,000 - TownHouse
This is a unique business opportunity based on the purchase of a beautiful baroque Palazzo in the main street of Malta’s capital city. The beautiful Palazzo built as a knight’s residence in the 17th century. It features an imposing baroque façade and much religious symbolism in the hallways.
The 860 m2 Palazzo is currently in shell state with all structural works completed and will provide up to 18 bedrooms, a beautiful courtyard, many unique historical features, as well as large and accessible underground structures. It is strategically situated on Republic Street, Valletta’s thoroughfare.
The perfect position of the property in Valletta’s main street, halfway between the main tourist sights St John Cathedral and the imposing bastions of Fort St Elmo, in the neighborhoods of ministries, banks and private residence will provide guests the opportunity to immerse in the unique atmosphere of the baroque city of the knights.
A permit to develop the property into a hotel is in place, but other uses as offices, embassy or even residential palace are possible.