Recent Property Price Reduction of a 19th Century Palazzo for Sale in Cospicua, MLS: 240021054-103, Price: €415,000

  • 15.October 2012
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A historic house commanding views over Valletta, Birgu and the marina, forming a substantial part of a 19th century PALAZZO. Situated within walking distance to all amenities and all major historical sites as well as the yacht marina and all restaurants sitting on the waterfront. The main entrance opens onto a marble floored hall with a room on either side. These rooms could function as waiting rooms or as a sixth and seventh bedroom should the house be run as a boutique hotel. The semi-basement level below is a replica of the ground floor with potential for a large kitchen and a breakfast room. At first floor level there are three medium sized rooms and two grand reception rooms measuring 37 square metres and 25 square metres respectively, all with access to balconies and views. On the second floor one finds a further three rooms and access to large terraces and roof space ideal as a roof garden. The property is surrounded by open public spaces guaranteeing the existing views. Features include a colonnaded entrance hall and landings, a curved marble staircase, over 7.5 metre high reception rooms and potential for between five and seven bedrooms, depending on intended use. Open balconies as well as enclosed Maltese balconies and a large roof commanding excellent town, harbour and marina views. The property is structurally sound however needs restoration and renovation. Interior and exterior detail is well preserved.

 

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