Commercial Property Investment Malta

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Description

Magnificent 16th century palace built by the Knights of Saint John. In the heart of Valletta, the capital of Malta, this building is a rare find. Steeped in history, it has the potential to be a golden investment opportunity, a commercial banking headquarters or boutique hotel. A considerable amount of restoration work has already been carried out which includes façade restoration and internal work.

Development in progress as boutique hotel. Architect plans and drawings are included in the sale as well as full designs for an electronic glass roof designed by Monty Ravenscroft of Sliding Roofs – featured on Grand Designs TV programme with Kevin McCloud. Also included is kitchen design by Arc Linea and Lighting designs by John Cullen Lighting design in London. Project could be completed within 6 months.

There are currently 10 rooms on 3,500 square feet.
This building is a historic jewel and when completed will be a stunning asset to a property portfolio

Features include:
H   and-carved spiral stone staircase, two wells within the courtyard and sweeping main staircase up to the vaulted ceiling room, which potentially could be used as a dining area.
Sicilian heating/cooling system
Easy access to central Valetta
Parking available

Malta is a popular country visited mainly by European and British tourists. It is English speaking, has a stable banking system, great weather and favourable tax conditions.

The island is condensed - everything is easily accessible

About Malta:
English speaking
Good weather
Stable Banking System
Great Travel Links with Europe and Britain

About Valletta:
Valletta is a historic city that still retains the sense of times past. The soft stones colours change as the sun moves through the day, changing the colours of the building
The island is condensed - everything is easily accessible.

* Price: 550,000 EUR (~ $ 750,208 USD) (Land / Lot area: 1,746.03 EUR / m2)

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