Description
A unique opportunity to acquire a beautifully restored and modernised period townhouse, ideally located just off Paola Square in a highly sought-after area. This characterful property has been thoughtfully converted into three independent units, making it an excellent investment with immediate rental income potential. The ground floor is currently set up as a commercial office space, offering a practical layout suitable for a variety of professional uses. The first and second floors comprise two separate residential units, both presently rented out, providing a steady return. Retaining its original charm, the property features traditional architectural elements, including a quaint backyard complete with a characteristic Maltese niche, adding to its authenticity and appeal. The blend of period features with modern upgrades ensures both comfort and timeless style. Situated in a prime central location close to all amenities, this versatile property is ideal for investors or those seeking a mixed-use building with strong income prospects.
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Features
- Terraces Yes
Additional details
- Bedrooms 2
- No of Bathrooms 1
- Kitchen 1
- Dining Room 1
- Sitting Room 1
- Hallway 1
- Balcony 1
- Bus Stop Close by
- Shops Close by
Local Information Paola
Paola is a 'modern' urban area on the hill overlooking Grand Harbour.
Surprisingly, Paola shares a common past with Valletta. It too is a 'new' town, designed by the Knights on a grid system like that of the capital city. The plan, devised by Grand Master de Paule, was for the town to serve as a summer resort taking advantage of the cooler breezes offered by its hilltop location. However, it did not succeed because the area lay near to what were then mosquito-ridden marshes near the harbour. It was not until the mid-to-late 19th century that Paola really grew. The town's population rose rapidly once the nearby dockyards expanded. Paola today has a landmark parish church. Built in the mid 20th century, the church is unusual for its unadorned and airy interior.
Within Paola's tight grid of streets lies Malta's most precious prehistoric site: the Hypogeum underground burial chambers and temple, a UNESCO World Heritage Site.
