Catering (commercial), Valletta

€ 18,000,000
  • 3200.00 m
Description
Found in the heart of the renowned capital city of Valletta, a lively city rich in history, remarkable architecture and soon to be the European Capital of Culture, is this commercial property part being a 450 year old Palazzo and part being made up of 5 interconnected traditional townhouses. This commercial property boasts an internal area of around 3500sqm and is currently being used as office premises. Permits and plans are in hand for a conversion to a large, high class Boutique Hotel boasting 45 suites. There are also approved plans and permits for a further 500sqm (approximate) development to construct an additional receded floor over the airspace of the main building. Premises are accessed through a large doorway which leads into a double height hallway and a large central courtyard giving natural light to all internal spaces. The building has many traditional sculpted stone features. On the right hand side there is a reception area and a large staircase leading to the first floor level, and further in there are the offices in the buildings. From the landing at first floor level there is access to another area of offices overlooking another street. Most offices have not long ago been renovated and two internal courtyards were roofed over with glazing in order to facilitate circulation areas. Throughout these premises, most of the ceilings have timber beams and soft stone slabs, ‘xorok’. The overall structural condition is good and the internal finishes are of a very good standard. This property has facades and entrances on 3 different, very prominent and busy streets.
Internal Reference Number
LF-FS19574
Property for
Sale
Build Size
3200.00 m
Posted
Nov 13, 2020
Location
City
Valletta
  • 28 Views
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