Block of Flats in Valletta

A rare opportunity has arisen to secure a long-term lease in a substantial mixed-use property located in the historic heart of Valletta. The property offers significant redevelopment potential and is well suited to a variety of commercial, hospitality, retail, and office uses. At ground floor level, it includes a street-facing commercial outlet with direct access from St. Zachary Street, benefiting from strong visibility and accessibility within one of Valletta`s established commercial and tourism districts. Subject to the necessary permits and approvals, the ground floor may also be converted into a catering establishment. The upper floors currently comprise six apartments and two separate rooms arranged over four levels. Subject to permits and approvals, these areas may potentially be reconfigured into approximately twelve studio apartments for short-let tourist accommodation. The property also includes spacious exclusive airspace, consisting in roof areas enjoying urban views and distant sea views.
Currently in unconverted state, the asset offers investors a rare blank-canvas opportunity to create a boutique hotel, hospitality project, flagship retail store, corporate headquarters, office premises, or other mixed-use commercial development.