Valletta, Malta
€5,000,000
An unconverted Palazzo waiting for the right owners to convert into the ultimate of boutique hotels or an upmarket block of apartments.
Strategically positioned close to the Grand Piazza San Giorgio and the Republic Street is this magnificent palazzo with great potential to be converted into the ultimate of boutique hotels or upmarket apartment/hotel. Having a prominent frontage set on a corner and a remarkable central courtyard with unique wooden apertures the property is divided into four floors with very high ceilings, a large basement and its own roof. Plans and cost evaluations are available upon request, leaving the investor with a handsome return of a total of 27 rooms. You will appreciate once you have seen this one.
Location
Valletta (or Il-Belt) is the capital of the Mediterranean island nation of Malta. The walled city was established in the 1500s on a peninsula by the Knights of St. John, a Roman Catholic order. It’s known for museums, palaces and grand churches. Baroque landmarks include St. John’s Co-Cathedral, whose opulent interior is home to the Caravaggio masterpiece "The Beheading of Saint John."
Stamp duty calculator
£
Total stamp duty
43,750
£
Please note: These estimates are provided as illustrative figures for guidance only and cover only England and Northern Ireland. Cluttons is not authorised to give financial advice; the above calculator is not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.
Mortgage calculator
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£
%
years
Monthly repayments
39,924
£
These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
