1 Bedroom Penthouse in Floriana, MaltaRef 5
About this property
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 also offers practical lift access possibilities from the second floor directly to the penthouse level.
This unique opportunity combines heritage charm, strategic location, and high value development potential with stunning waterfront views.
