Investment in Qrendi, Malta

This palazzo has been a labour of love and is one of the few Palazzos that has been reinstated after being split into different properties in the late 1800’s. The Palazzo after being put back together has been joined with a farmhouse, the property is freehold. It is joined with an eight-car garage (leased long term) which has plans for part of it as a gym. The building permit covering the property is for a large 4 or 5 bedroom residence and is now structurally complete. It has been restored to a very high standard, for example the ground floor was excavated 0.5m to place down a lime screed followed by igloos to ensure airflow beneath the build up of the floor to ensure no rising moisture. The water and electrical preparation have also been complete including the preparation for underfloor heating and Air conditioning throughout. There are 3 wells that have been linked together, and a further 2 wells which have not been used. It has been planned to have a study and separate library, ground floor toilets serving the main living room that has preparation for a fireplace. A separate kitchen and breakfast area, indoor and outdoor dining areas both overlooking the garden and pool. A separate washroom and front garage, a cinema room and pool with an outdoor pool shower room. The large garage plans to have 4-5 cars and a gym. Upstairs there are 4 or 5 bedrooms planned each with their own bathrooms and walk in wardrobes. The roof terrace overlooking the main church of Qrendi as it is only around 50m away from the front door has a planned outdoor kitchen, dining and living area. The most striking part of this house is a 20-ton concrete dome which was cast in-situ; spanning 6m in diameter it has a 2m skylight that floods the main living area with light. The dome was influenced by the oldest standing part of the house which once could have been an old windmill. This curved wall influenced several features throughout the conversion.