Casa Valdina Grand Palazzo

€3,470,888 €3,468,590
8 Bedrooms | 2 Bathrooms | Unconverted

Casa Valdina Grand Palazzo

€3,470,888 €3,468,590

8 Bedrooms | 2 Bathrooms | Unconverted

There are, officially, three World Heritage sites in Malta, inscribed on the UNESCO World Heritage List. Valletta itself is described by UNESCO as “one of the most concentrated historic areas in the world”. It features 320 monuments and has a long and impressive cultural heritage.

When purchasing this palazzo, you are not just acquiring the structure of a building, you will be owning a piece of the rich history of this capital city. The love and commitment of the original architect still ring true throughout the architectural features of this building today and most of the original features such as the arched ceilings, stone slab floors, solid wooden beams and the stairway date back to the Knights of St. John.

Part of the conversion of this palazzo includes an elevator chamber accessible to all floors, which is ideal for potential projects such as a corporate office block, a boutique hotel or even a retail landmark. The building also has a permit for an additional 120 metres to be built from the existing roof level.

Please note that there is an annual and perpetual ground rent of €123.46 with this property. 

This three-storey palazzo opens out into a large courtyard with wide arches and an impressive balcony overlooking it. Imagine holding a function or a private event here with friends, family, clients or colleagues gathered. The resulting photographs with the natural light and stately architectural features would be worthy of any magazine cover.

As we enter through the front door with its high domed ceiling, the enormity of this 1,200-square metre palazzo is immediately apparent. There are 20 rooms and with permits in hand to expand further upwards, there are a multitude of uses and almost limitless potential for the space.

Built in 1576, this beautiful building is over 400 years old and has changed hands many times, most notably between the Order of St. John and, if walls could talk, this particular palazzo would certainly have a tale to tell about a former Knight, Fra Carlo Valdina, who, according to the records, purchased it in June 1632.

Valdina's history is both intriguing and scandalous. He joined the Order in November 1591 and paid little heed to his vows of poverty, chastity and obedience, spending much of his life scheming his way into wealth through questionable and sometimes violent means. One such incident, perhaps his most notable, involved Valdina physically assaulting none other than a Secretary to the Inquisition of Malta, Giovanni Coralino. One witness even swore that Valdina reached for his dagger and unsheathed it. The incident escalated all the way up to Rome and culminated in April 1600 when the Pope himself passed personal judgment on Valdina, sentencing him to one year's exile from Malta.

The palazzo forms part of an interesting neighbourhood between the South and Melita streets with its main door abutting the stairs of the upper part of Mikiel Anton Vassalli Street. The main staircase links the two floors. 

Many changes have been recorded throughout its long history, both in the fabric of the building and the decorative elements: the addition of these British-era fireplaces is a prime example.

A great deal of work has been undergone to structurally convert this building, and a great deal more remains to be completed before it can be lived in or put to commercial use but the renovation of this palazzo would certainly inject new vibrancy into the northern part of South Street. The entire neighbourhood has seen some change over the years with Heritage Malta now owning over half the large rectangular block in an effort to extend the museum area.

The grandeur and beauty of this building simply cannot be understated. A prime location within walking distance to the sea, immersed in history and with many modern conveniences nearby, including retail outlets and restaurants, this palazzo is a truly unique property.

Ref: MT-100629
Property Type: Palazzo
Bedrooms: 8
Bathrooms: 2
Age: 400 or older
Condition at Sale: Unconverted
Rooms in Property: Bedrooms | Bathrooms | Kitchen | Entrance Hall | Dining Room | Study | Box Room | Living Room
View: Town View
Roof: Private Roof | Sold with Airspace
Miscellaneous: Pet Friendly
Kitchen: Open Plan
Spare Toilets: 1
Outside Space: Courtyard | Terrace | Store | Balcony | BBQ Area
En-Suites: 1
Viewing Options: Viewings By Appointment

Valletta is the capital city of Malta and is the administrative and commercial heart of the Islands. This magnificent fortress city, with its impressive bastions, forts and cathedral, grew on the arid rock of Mount Sciberras peninsula, which rises steeply from two deep harbours, Marsamxett and the Grand Harbour. Today, it is one of the most concentrated historic areas in the world. The city is busy by day, yet retains a timeless atmosphere. The grid of narrow side streets is full of tiny quaint shops and cafés, while Valletta's main streets are lined with larger international shops selling fashion, music, jewellery and much more.

In recent years, Valletta has blossomed, starting with the construction of the Renzo Piano-designed Parliament House and City Gates. Boutique hotels and cocktail bars have sprung up throughout the narrow alleys of the town, including top-ranked Alchemy, considered by many to staff the best mixologists in Malta.