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Valletta, Fully Furnished Palazzo/ Palazzino

4,950,000 €
  • Total area
    2,142 m²
  • Land area
    199 m²
  • Bedrooms
    5
  • Bathrooms
    8
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Features
  • Under construction: Design
  • Balcony or terrace
  • Garden
  • Sea view

Embedded in the upper part of Valletta is this majestic 17th Century Baroque Palazzo, which has been brought back to its former glory after being meticulously and painstakingly renovated by one of the most reputable Maltese architects.

From the roof garden and Penthouse suite one has spectacular unobstructed views of the Grand Harbor and the Three Cities. We believe that due to its strategic position, being seconds away not only from the Prime Ministers offices at Castille, the new Parliament building, and other important EU & local legal & financial firms but also the wonderful Upper Barrakka Gardens and all other amenities and attractions the city has to offer, that this property has the ideal setting for either a headquarters of a reputable firm, elegant home or a Casa Bottega. This is true because one can enjoy the luxurious comforts offered by the Palazzo, which include 5 fully furnished apartments, one being a superb duplex penthouse served with reception area and a key coded private elevator, a spa, gym, and a roof garden which offer stunning views of the Grand Harbor & the 3 Cities, a most magnificent Sala Nobile ideal to host events and hold meetings and furthermore a separate entrance at street level.

Permit for Bed & Breakfast being issued.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other terraced houses for sale in Malta.

You can see more terraced houses for sale in Valletta elsewhere on our website.

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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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