Belair Property

Restaurant for sale

€ 2,500,000

Rabat | Needs Refurbishment

590.00m²

Reference No. 818762

About the property

A Rare Investment Opportunity in the Heart of Rabat

An imposing old palazzo, rich in character and charm, set in the heart of the quaint and highly touristic village of Rabat, Malta, enjoying excellent passing trade and tremendous potential.

The grand entrance hall leads to approximately 350 sqm of ground-floor space, formerly operated as a bar and restaurant, together with a 90 sqm private yard and a full basement. The first floor offers a further 690 sqm, providing substantial scope for further development and utilisation.

The generous layout comprises multiple interconnected areas which can be opened up, reconfigured, or restored to suit a variety of concepts. With its impressive proportions, traditional features, and prime location, this property offers the opportunity to restore a historic building to its former glory and transform it into a boutique hotel, destination restaurant, hospitality venue, or a unique commercial project.

A truly exceptional property with endless possibilities in one of Malta's most sought-after and visited locations. Must be seen to be appreciated.

EPC Exemption Status: Owners to provide

Property Features

Unique Selling Point (USP1): Old Palazzo
Unique Selling Point (USP2): Indoor and Outdoor space
Unique Selling Point (USP3): Potential to be offices, restaurant, boutique hotel, school
Unique Selling Point (USP4): Good structural condition
Internal Sqmts: 590.00 SqMtrs
External Sqmts: 90.00 SqMtrs
Location: Village Core
Shops: Close by
Road Frontage: 1.20 Mtrs
No of Floors (above street lev.): 2
No of Floors (basement level): 1
Total Sqmts: 680.00 SqMtrs
Permit/Licence: Yes
Private Bathroom/Toilets (No of): 8
Kitchens/Kitchenettes (no of): 1
Store Rooms (No of): 2
No of Covers: 150
Terraces / patios: lovely yard and terrace
Passing trade: Yes