43F, Blanche Huber Street

Sliema, Malta

(+356) 7903 2006

cryptohomes.io@gmail.com

Price Range: From to

Compare Listings

Beautiful Historic Palazzo

Republic St, Valletta, Malta
€3M/BTC 560

Description

This beautiful Palazzo could serve as your future office in the main street of Valletta, it could be converted into your classy private residence, it could be turned into a first class rental investment or even into a flashy boutique hotel (commercial permits in place). Located on one of the main streets in Valletta, the Maltese capital, the location offers every possibility.

This 860 m² Palazzo provides 18 bedrooms, a beautiful courtyard, many unique historical features, as well as large and accessible underground structures. It is strategically situated on Republic Street, Valletta’s thoroughfare alongside banks and ministries, and only a stone-throw from Valletta’s main square. The building is ideally suited to house offices, an embassy, a boutique hotel, or even a prestigious housing project – after conversion

Despite its imposing facade and religious symbolism, little could be gleaned in the way of this building’s history. When asked, a number of nearby residents and shop owners always recall the house as a tenement block or ‘kerrejja’ which remained as such until fifteen odd years ago ever since it was abandoned. There was also a small printing press operating from one of the rooms, evidence of which can still be seen today.

Mention was made of the building once serving as nunnery which is corroborated by the various prominent Catholic sculptural features found inside the house which are illustrated in the images below. This use remains to be confirmed. A coat of arms above the door at the end of the entrance corridor is crowned with an open coronet surmounted by nine orbs indicating a possible connection with the nobility. Clearly, this served as a prospettiva commemorating whom once lived in the house. The L-shaped plan of the property is not unusual in Valletta given the drive to maximise limited space in the insulae for the provision of housing.

Whether or not the building served as a convent, it most was likely originally conceived as a residential property possibly constructed in the early 17th century with various additions in later years. Accessed through a narrow corridor from Strada Reale, a sizeable courtyard stands at the centre of the house. An elaborate staircase, corridors and rooms flank the cortile on four sides. Further chambers overlie the entrance hall. A basement underlies the inner chambers whilst an extensive underground cistern is located beneath the cortile and possibly beyond (still to be inspected).

Construction is in accordance with vernacular standards. In general, both single and double skinned masonry walls support ceilings of either diaphragm arches or timber beams carrying roofing slabs with overlying build-up and finishes, the latter either formed with soft stone flagstones or more recently-laid cement tiles. Ornamentation on the street facade, courtyard elevations and staircase as well as the odd feature inside some of the chambers is executed with fine craftsmanship. There is also a curious moulding at roof level seen from the second floor might appear to be a Melitan moulding.

Viewings will be arranged through video-link for distant buyers. The building is ideal for rental investment.

 

CryptoHomes

 

Price: 560 BTC

Detail

  • Icon
    Property ID
    242
  • Icon
    18
    Bedrooms
  • Icon
    Property Size
    860 m²
  • Icon
    Year Built
    1600

Additional details

  • Investment: To be converted into a hotel
  • Number of Floors: 7

Contact Agent

CryptoHomes

Contact Agent

  • CryptoHomes
  • +35679032006
View listings

Inquire about this property