Property description
FLORIANA: A prime investment opportunity to acquire an undeveloped 80 sqm airspace property in Floriana, Malta, located within a sought-after Urban Conservation Area (UCA). Positioned on a quiet street just minutes from Valletta, the property combines historic surroundings with exceptional development potential and panoramic sea views overlooking the Grand Harbour and the Three Cities. The property is perfect for developers seeking to create a bespoke penthouse residence in a prestigious location, offering strong return potential. The site benefits from freehold airspace ownership and qualifies for full tax exemption. Existing legal access rights include shared use of two washrooms and structural rights supporting the addition of a penthouse floor. The property doesn't have a lift. This unique opportunity combines heritage charm, strategic location, and high value development potential with stunning waterfront views.
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Floriana – Property For Sale & To Rent, Estate Agents, Local Information
Floriana is located just outside Valletta and was built with the purpose of being an outer defense to enhance the Capital from attack. Works started in 1634 and finished in 1721 under the Grand master De Paule who was under the direction of Pietro Paolo Floriani. The Floriana Lines ran from City Gate all the… read more »
