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Property For Sale Or Rent: 16th Century Mediterranean Palazzo

Malta

315 St. Paul Street
Valletta
Malta VLT07
Malta

Property for sale: 1,200,000 € (Negotiable)

Home For Sale in Valletta, Malta Malta

This 16th Century property, dating back to the origins of Valletta in the island nation of Malta, offers a rare opportunity to create a very special and elegant residence in one of the best locations in the Mediterranean. Consisting of 4.

This 16th Century property, dating back to the origins of Valletta in the island nation of Malta, offers a rare opportunity to create a very special and elegant residence in one of the best locations in the Mediterranean. Consisting of 4.5 levels of living space, spacious rooms, impressive 6 meter high Piano Nobile and approximately 600 sqm of living space, the Palazzo provides for lavish entertainment and living areas.

In keeping with itâ€™s grand spaciousness, an approved permit is in place to add a penthouse level to the existing residence, a three quarter floor mezzanine on the piano nobile level, and to excavate the cellar, providing for living spaces of almost 850 sqm. With its street level entrance, the separate mezzanine apartment can be used as a caretakerâ€™s residence or a rental flat. From the rooftop and proposed penthouse level of this noble residence, the views of the Grand Harbour are unrestricted and expansive. This spectacular Palazzo is ready to be finished into an enviable private residential showcase.

The interior is substantially prepared for finish work. The full facade and entrance hall are currently under restoration. And the architect and contractor are available to commence construction of the third floor and piano nobile mezzanine at the purchaserâ€™s convenience. All of the pieces are in place to make this an effortless and exciting restoration project in the heart of the Maltese islands and the Mediterranean Sea.

Property Summary