Property description

A unique opportunity to acquire a 400-year-old Palazzino located in the heart of Cospicua (Bormla), one of Malta’s most historically rich and fast-developing areas. This freehold property is situated within an Urban Conservation Area (UCA), making it eligible for government renovation incentives and favorable tax conditions. Spread over three full floors plus two underground cellars, this residence boasts six bedrooms, three bathrooms/toilets, a private washroom, and a traditional internal courtyard that allows natural light to flow through the home. It retains authentic features such as a well, thick limestone walls, traditional staircases, Maltese traditional tiles, balconies, and high ceilings with slabs and wooden beams, with the added benefit of own airspace, offering further potential for a rooftop terrace. From a development perspective, the property offers multiple income-generating possibilities. Its layout and footprint make it suitable for conversion into a boutique guesthouse, subdivided apartments, or luxury rental units, with enough space to explore the addition of a street-level garage (subject to planning approval) and a lift. The cellar could be transformed into a wine bar, spa, or wellness area, adding significant commercial value. Contact listing agent for more information and viewing. Anna Cirrincione +356 9996 2506 acirrincione@remax.com.mt