AUCTION THE SMART CHOICE!
MALTA PR OPERT Y AUCTIONEER S SPECIAL EDITION NO.41
A New Direction with a Fresh Perspective
ALERT Getting Familiar with Property Auctions
AMAZING LOCATIONS
SAN GWANN - APARTMENT | SLIEMA - TOWNHOUSE | LIJA - APARTMENT VALLETTA - TOWNHOUSE | MELLIEHA - PLOT | MOSTA - FARMHOUSE
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MALTA PROPERT Y AUCTIONEERS
T HE R E A L R E P OR T 2019 marks an important and exciting new
change for Malta Property Auctioneers. With the introduction of a new management structure and a recently launched Partnership Programme, the future is bright. In an industry widely considered to be an everchanging animal and requiring those within it to continuously strive to adapt and keep up with the trends, we don’t shy away from the challenge but rather relish in the thought of using innovative methods to bring more to our clients. Three new stakeholders have been introduced as Co-Heads of Management with a fresh new vision in keeping with the changes the industry demands. As part of MPA’s mission, Steve, Stefan and Sarah are paving the way to a more inclusive approach to real estate; joining forces with like-minded realtors who share our same ethos. With a number of collaborating partners already on board, Malta Property Auctioneers have a sales force now matching, and soon to exceed, the larger real estate companies in Malta. The approach taken focuses on partnering with reputable agents and offering quality properties.
We’re pleased to note that this has already seen a surge in the amount of interest in listing properties and buying properties through auction. This newly created network gives vendors all the benefits of a sole agency, but with each agency able and encouraged to sell that property. It allows buyers to find a home at a price which is realistic and true, not over-inflated as the open market would have you contend with. And equally as importantly, it offers any agency a favourable incentive to make these properties a priority for them to work on. These three key points equate to a quicker sale at a price everyone is happy with. Get to know them a little more on page 20, and browse through the wonderful new properties we have for the upcoming auction this January. If you’ve got plenty of questions, we’ve got plenty of answers – enjoy this issue of Auction Alert as we help guide our readers to how you can be part of the change and reap the rewards.
Sincerely Pierre Faure
AUCTION No.41 SUNDAY 2 6 T H , J A NUA R Y 2 0 2 0 Pal a zzo Violetta - 85, Tonna Str ., Sliema Registr ation Starts @ 11:00am 2
THE SMART CHOICE!
IN THIS ISSUE LOT 1
SAN GWANN - APARTMENT
€385,000 to €415,000
PG 4
LOT 2
MARSAXLOKK - FARMHOUSE
€1,200,000 to €1,300,000
PG 5
LOT 3
MELLIEHA - APARTMENT
€640,000 to €670,000
PG 6
LOT 4
MOSTA - FARMHOUSE
€1,650,000 to €1,725,000
PG 7
LOT 5
MADILENA - APARTMENT
€625,000 to €650,000
PG 8
LOT 6
MELLIEHA - APARTMENT
€240,000 to €260,000
PG 11
LOT 7
MELLIEHA - PLOT OF LAND
€795,000 to €825,000
PG 12
LOT 8
MSIDA - PLOT OF LAND
€1,100,000 to €1,200,000
PG 13
LOT 9
LIJA - APARTMENT
€290,000 to €310,000
PG 14
LOT 10
VALLETTA - TOWNHOUSE
€4,800,000 to €5,700,000
PG 17
LOT 11
SLIEMA - TOWNHOUSE
€475,000 to €495,000
PG 18
LOT 12
BAHAR IC-CAGHAQ - MAISONETTE
€295,000 to €325,000
PG 19
LOT 13
SWIEQI - MAISONETTE
€275,000 to €305,000
PG 22
LOT 14
GZIRA - APARTMENT
€275,000 to €305,000
PG 23
LOT 15
APARTMENT - ST. JULIANS
€1,050,000 - €1,190,000
PG 25
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MALTA PROPERT Y AUCTIONEERS
LOT 1 - APARTMENT - SAN GWANN
Fantastic Investment Opportunity 84.00 sqm
2 Bedrooms
GUIDE PRICE €385,000 - €415,000 FOR VIEWINGS CALL IZZY KRIMAT 27217777
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Triq L’ Adriatiku
This
top floor apartment & airspace to build features a finished apartment measuring approx. 84sqm being sold partly furnished together with its overlying airspace. An application has already been submitted to build another apartment above as well as a duplex penthouse which will enjoy spectacular valley views. Located within the sought after area of the Village - St. Julian’s, this property comprises of a very comfortable open plan kitchen, living, dining (which leads out on to a balcony), main bathroom and 2 very well sized bedrooms with open valley views. Great opportunity to acquire three highly rent-able units which are being sold freehold and subject to permits being issued. Also ideal for families wishing to have three units in the same block.
THE SMART CHOICE!
LOT 2 - FARMHOUSE - MARSAXLOKK St. Peters Pool Alley
A fully converted Farmhouse located within the sought after area of Marsaxlokk. The property is set on 1600sqm and comprises of a 200sqm beautifully converted home with an open plan
BIG, BEAUTIFUL & BOLD
kitchen/breakfast/living, separate formal dining, study, 2 double bedrooms and 1 well sized single bedroom, surrounding mature garden with views of Marsaxlokk Bay, 75sqm pool with BBQ terraces, lounging area and plenty of space to entertain. This property also boasts a 10 car drive way, is fully airconditioned, enjoys a beautiful fireplace and much more. Freehold!
1600 sqm
3 Bedrooms
GUIDE PRICE €1,200,000 - €1,300,000 FOR VIEWINGS CALL STEVE SPITERI 9942 7491
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MALTA PROPERT Y AUCTIONEERS
LOT 3 - APARTMENT - MELLIEHA Tas-Sellum Residence
WATERFRONT LIFESTYLE 231 sqm
3 Bedrooms
GUIDE PRICE €640,000 - €670,000 FOR VIEWINGS CALL STEVE SPITERI 9942 7491
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A
unique, corner, seafront apartment in the highly sought after, award-winning and Special Designated Area of Tas-Sellum Residence. The property is located within Phase 1 of the development, enjoying a superb, spacious layout (over 230sqm) with views from most rooms. The entrance leads onto an elegant hallway, combined living and dining room leading out onto large terraces. Separate fully fitted modern kitchen, 3 large double bedrooms all enjoying private balconies and master boasting ensuite facilities. Washroom, utility room and 2 car spaces are included. Owners enjoy the use of the large and well maintained seafront swimming pool. This property is being sold furnished and comes highly recommended.
THE SMART CHOICE!
LOT 4 - FARMHOUSE - MOSTA Triq Bisbisija
Field of dreams
An amazingly located, south facing, unconverted farmhouse situated on the outskirts of Mosta, with incredibly stunning open country views, reaching the historical city of Mdina. The property boasts 4000sqm of land and a building measuring 270sqm with residential permits and is set on high grounds to enjoy the views. This one of kind property is freehold and is selling subject to building permits for a 3 bedroom home with a large basement, a 75sqm pool and an underlying garage. Once converted, this will be a unique, outstanding residence.
4000 sqm GUIDE PRICE â‚Ź1,650,000 - â‚Ź1,725,000 FOR VIEWINGS CALL STEVE SPITERI 9942 7491
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MALTA PROPERT Y AUCTIONEERS
LOT 5 - APARTMENT - MADLIENA
LIVING LUXURIOUSLY! 188.00 sqm
3 Bedrooms
GUIDE PRICE €625,000 - €650,000 FOR VIEWINGS CALL STEFAN CONSIGLIO 79797956
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Madliena Village
By far the number 1 address for an apartment in
Malta. This “never lived in” apartment in the sought after Special Designated Area of Madliena Village. One of the best layouts of the entire complex, situated on a high floor and offering ample internal space as well as a very large terrace. This property enjoys a welcoming entrance hall, large living and kitchen/dining room enjoying the views. 3 double bedrooms and 3 bathrooms with the master bedroom having its own ensuite and walk-out on to the terrace. This well-kept, gated complex is quiet, safe and secure and also offers residents the use of a large communal pool and gym including. A lockup garage comes included.
THE SMART CHOICE!
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MALTA PROPERT Y AUCTIONEERS
Getting familiar with
PROPERTY AUCTIONS
While many investors keep a
keen eye for properties going under the hammer, most buyers don’t intentionally purchase through an auction. After screening several property listing websites, it just so happens that their dream home is for sale by auction. Immediately, questions arise. What does that mean, to buy a home through an auction? Do you have to pay cash? How does auction bidding work? Could you lose your deposit? Is there a problem with the property? The truth is that even though there are some key points to keep in mind, there is nothing to fear of purchasing via this method. For a start, the auctioneer will not place a property on auction unless they truly believe that the guide price is realistic, fair and that there is a market for that kind of property. Moreover, some preliminary searches have already been done to make sure that there is legal title over that property. Even better, the owner is committed to sell if his reserve price is met, meaning there is no chance of a change of mind or heart on the owners behalf. Naturally, the first place to start is by inspecting the property. From time to time open houses are held at a specific day and time, however one can always book viewing appointments at one’s convenience.
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Should you also need to go back a second or third time, maybe to get a friend or architect’s advice, they will accommodate these viewings. As of this auction, Malta Property Auctioneers have affiliated with several renowned local agencies which can all show you any of the properties in an auction portfolio, however it makes sense to call the listing agent of the lot, as he/she would be the most familiar with that particular property. Once you are interested in a property there are two options available to you. You might want to try your luck with an offer prior to auction day. Some vendors allow this option leading to a swift conclusion on a sale. This might give you the opportunity to negotiate certain terms that may not be possible on auction day. If you wish to try a pre-auction offer, for fear of being outbid, to save time or for any other reason, speak to the agent who showed you the property. If you plan to bid for a property on auction day, make sure your finances are in order and check the conditions for the sale property with the property negotiator. These conditions will include the time frame for concluding the deal, what movables are staying in the property, any ground rents burdening the property, condominium regulations, etc.) Very often it will not be
permitted to include a “condition on financing” clause for a purchase but this does not mean that it needs to be paid in “cash”. The reason for this is obvious, if financing is not granted, the chance to sell to the second highest bidder has been lost, leaving the seller empty handed. Whilst most local banks won’t be in a position to provide a sanction letter without a promise of sale agreement, a general idea of the amount that can be borrowed could easily be established by meeting with a banks’ lending manager. On auction day, a 10% deposit of the lower guide price of the particular lot you intend to bid on, must be left with the notary present on the day. In turn you will be provided with a bidding number. The auctioneer will auction off the lots in the order they are listed on the catalogue. Bidding can start anywhere between the guide prices. When your lot comes up and you wish to bid, make sure to raise your hand so the auctioneer can see your number. Don’t get overexcited and outdo your budget! If you are not the winning bidder, the deposit will be immediately refunded. If you do win the bid, you must sign the relative paperwork (promise of sale) with the notary present on the day and you have succeeded in securing that property.
The next public auction is taking place on 26th of January. Be part of the experience and join us on the day at
Pal azzo Violetta
THETHE SMART CHOICE! SMART CHOICE!
LOT 6 - APARTMENT - MELLIEHA Triq Snajjin
A very well kept apartment enjoying a spacious, bright and square layout. Offered fully furnished, air-conditioned and ready for occupation and located within a quiet area of Mellieha. This
FAMILY FRIENDLY
property comprises of a welcoming entrance hall leading into the living room and a separate kitchen and dining which takes one out onto a sizable
3 Bedrooms
2 Bathrooms
BBQ terrace ideal for entertaining. Further in, one
GUIDE PRICE €240,000 - €260,000
finds 3 double bedrooms (master with ensuite),
FOR VIEWINGS CALL STEVE SPITERI 9942 7491
main bathroom and a washroom / utility room. The property is being sold freehold and would make a great family home or rental investment. A must see!
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MALTA PROPERT Y AUCTIONEERS
LOT 7 - PLOT OF LAND - MELLIEHA
It’s all about LOCATION! 889.00 sqm GUIDE PRICE €795,000 - €825,000 FOR VIEWINGS CALL STEVE SPITERI 9942 7491
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Triq IL-Palm
This would be the perfect opportunity to build your dream home. The last remaining plot measuring 890sqm located on one of the best streets within the sought after area of Santa Marija Estate. The plot is being sold with full building permits for an elevated bungalow which will enjoy stunning views of Ghadira Bay, open sea and country views. All the necessary studies have also been completed such as plans, artistic impressions, civil works, geological reports and bill of quantities, which may all be presented, upon request. A viewing which is definitely worth your time!
THE SMART CHOICE!
LOT 8 - PLOT OF LAND - MSIDA Triq Misrah IL-Barrieri
A site with approved permits in hand for residential build or a guest house located within a zone of 6+1. It’s excellent location places it in the immediate
IF YOU BUILD IT, THEY WILL COME!
vicinity of Junior College and a myriad of offices and all amenities. This freehold property is an ideal business opportunity to invest in the ever growing tourism industry and can reap attractive returns on investment. Potential of over 20 en-suite rooms.
140.00sqm GUIDE PRICE €1,100,000 - €1,200,000 FOR VIEWINGS CALL JEROME MAMO 9999 7777
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MALTA PROPERT Y AUCTIONEERS
LOT 9 - APARTMENT - LIJA
Designer Finished
Triq Annibale Preca
A designer finished and fully furnished first floor apartment, situated within the sought after area of Lija. The property comprises of a 60sqm open plan kitchen/breakfast, living/dining, which leads out onto a front balcony, wide hall-ways, 3 double
146.00 sqm
3 Bedrooms
bedrooms, large main bathroom/ensuite and utility
GUIDE PRICE €275,000 - €300,000
space. It comes fully air-conditioned, with real wood
FOR VIEWINGS CALL MARIANNE MIFSUD 27217777
up garage is also included. This home is being sold
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flooring throughout and much more. A 1 car lockfreehold and is located close to all amenities.
THE SMART CHOICE!
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MALTA PROPERT Y AUCTIONEERS
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THE SMART CHOICE!
LOT 10 - TOWN HOUSE - VALLETTA Lower Barrakka Lane
A
once in a life time opportunity to purchase an extremely unique and rare property, located adjacent to and overlooking the Lower Barraka of the historical capital city of Valletta. This one of a kind property offers priceless picturesque Grand Harbour views whilst sitting on your private terrace. It currently is split into two dwellings both enjoying plenty of natural light, open plan kitchen/living/ dining, 6 double bedrooms (two with ensuites) , main bathroom, storage, air-conditioning and much more. Due to its iconic location and size, the property would make an outstanding, high-end exclusive boutique hotel with potential of up to 14 rooms and is being sold freehold. Possibly the best location on the island!
INCREDIBLE LOCATION! 6 Bedrooms
GUIDE PRICE â‚Ź4,800,000 - â‚Ź5,200,000 FOR VIEWINGS CALL ETIENNE VELLA 79427813
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MALTA PROPERT Y AUCTIONEERS
LOT 11 - TOWN HOUSE - SLIEMA
VALUE, LOCATION & CHARACTER 5 Bedrooms GUIDE PRICE €475,000 - €495,000 FOR VIEWINGS CALL 2721 7777
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Triq Norfolk
A
structurally converted and semi-refurbished townhouse in an excellent area of Sliema. Enjoying 5 bedrooms and a spacious yard, this home promises to deliver. Whether being used as a residential home or to be converted into a hostel/guesthouse, this townhouse oozes potential. The property offers a sitting area, kitchen, living and dining room, back yard, 5 bedrooms and several bathrooms. Located in a UCA area and enjoying beautiful period stylings on its facade, this townhouse has a lot to offer. It also enjoys balconies on each of its three upper floors and a Maltese balcony on its facade, as well as a roof terrace, enjoying plenty of sun. Just seconds away from the seafront on one of Sliema’s most notable roads.
THE SMART CHOICE!
LOT 12 - MAISONETTE - BAHAR IC-CAGHAQ Triq is-Sikka
AIRY, BRIGHT & QUIET
A very well located, corner, bright and airy 3 bedroom maisonette, situated within the sought after area of Bahar ic-Caghaq. The property enjoys a welcoming hall, separate kitchen/living, dining room, 3 bedrooms (master with ensuite), washroom
3 Bedrooms
and storage. It is being sold freehold and has an optional 2 car lock-up garage.
GUIDE PRICE €295,000 - €325,000 FOR VIEWINGS CALL STEVE SPITERI 9942 7491
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MALTA PROPERT Y AUCTIONEERS
A New Direction with a Fresh Perspective The year 2019 has been
a pivotal one for Malta Property Auctioneers with the introduction of three key players running the operations of company. The new structure provides shared responsibilities for Co-Heads of Management, Stefan, Sarah and Steve who are steering the company in a fresh direction with its most recent launch of the Auction Partnership Programme. Get to know them a little more here. Stefan Consiglio
Stefan could easily be mistaken for a piece of the furniture, having worked with the company since its inception. Stefan has been working in real estate locally for over 16 years and helped to set up the very first property auction in Malta. His cool and collected approach to his work means he’s a household favorite for local property. It’s safe to say, his phone is bursting with client contacts, who (make no mistake) are still in touch for anything property related. But although he’s driven and focused on his work, he’s still the one to 20
set the mood for the office with the sound of rock classics emitting from his speakers. We asked him about the road to auction 41 and which were the highs (or lows) of the 40 auctions he oversaw. Quickly he smiles and lets us know that there were indeed some good and some weird moments! He recalls when two people came to bid on a property that was sold prior to auction the previous day. “Naturally it was within our legal remit to sell the property before the auction day since an attractive offer came in. Funnily enough though, one of the clients ended up bidding on and winning a different property, one he had never even physically seen.” “We’ve auctioned all sorts of properties, from part-ownerships of agricultural land to luxury homes and even large sites worth several million. It’s always exciting and motivating to see which properties generate the most interest and demand” Stefan explains that the biggest satisfaction is selling properties which had been on the open market for a very long time (sometimes even more than two years), within a very short time frame of 1 or 2 months.
Sarah De Cesare Dunkerley
Multitasking has to be one of Sarah’s biggest strong points. When she’s not conducting training seminars, strategizing business plans, managing her properties or looking after her clients, she’s spending time with her husband and two children. Sarah’s outspoken and passionate approach to her work means she’s driving home the attention to detail. Often the one to playfully poke fun, she knows when professionalism takes centre stage and when to let her hair down with the team. Sarah’s career spans a number years in varying industries from hospitality to leisure & entertainment to being at the top of the helm of two successful international and local NGO’s. Her decision to transition into property was easy for her. Asked how she found this to be, she says “Much of my past experience has been translated into my work with real estate. Building relationships on trust, dedication and knowledge can take you a long way,
THE SMART CHOICE!
and in any form of business or sales, they are major contributors to success. You need to be passionate about your ‘product’ and truly believe in it. Having had first-hand experience with successfully selling my property on auction, I can more than attest to its effectiveness”.
grindstone and gives his clients the full package – loyalty, dedication and dependability. If you’ve met Steve, you’d be forgiven for thinking he was born with a phone glued to his ear, but it’s almost always a client or colleague he’s trying to help. Needless to say, he’ll make the time for you. Having had a long and successful career in Business Management Steve Spiteri Steve decided to turn his passion for real estate into a full time career. Steve is no stranger to the real estate market as he holds plenty of past experience within the industry. We wanted to You’ll be hard pressed to know what Steve considered find someone with anything as being some of his lesser negative to say about Steve. known talents. He replies There’s no doubt that a part “I’d like to think I have a of his success in sales is keen eye for architecture attributable to his friendly, and design”. He’s not far off approachable personality, - his impeccable taste and but we know it’s mostly his ability to find potential down to the fact that he in nearly every property has puts his nose to the helped him find properties for buyers they might not have considered initially. “We have such a varied
“You
need to be passionate about your ‘product’ and truly believe in it” portfolio of properties on auction. Some might not always seem the obvious choice, but when looking at value, potential and quality holistically, all have the markings of a good investment”.
Volunteering at Tomisina Cat Sanctuary as part of MPA’s CSR program. 21
MALTA PROPERT Y AUCTIONEERS
LOT 13 - MAISONETTE - SWIEQI Triq L-ispiera
READY TO GO 160.00 sqm
A very well located, bright and well-kept, corner
2 Bedrooms
GUIDE PRICE €275,000 - €305,000 FOR VIEWINGS CALL MICHAEL CAMILLERI 7945 7840
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160sqm fully furnished maisonette, located within a quite area of Swieqi and a minutes’ walk away from all amenities. The property comprises of an independent entrance leading into a spacious open plan living/dining, separate fully equipped kitchen, which leads out onto a 68sqm entertaining terrace. It enjoys 2 double bedrooms (master with ensuite), main bathroom and washroom. The unit is fully air-conditioned, has soffit ceilings and comes with a large 1 car lock-up garage with plenty of storage to compliment it. The vendor is leaving the island, having it priced to sell quickly! Great as a rental investment or first time buyer. Not to be missed!
THE SMART CHOICE!
LOT 14 - APARTMENT - GZIRA Triq Edgar Bernard
A
large, bright and spacious apartment in a block
of only 4 enjoying a front balcony overlooking the University grounds. The property enjoys a large open-plan layout with a modern and fully fitted
PERFECT INVESTMENT
kitchen/breakfast and a large living area. Served with a lift and enjoying 4 bedrooms (master with ensuite bathroom), this property makes for an ideal family home but can also be considered a great rental investment especially with so many students needing to be in the area.
4 Bedrooms GUIDE PRICE €275,000 - €305,000 FOR VIEWINGS CALL AHMED ALI 7779 9936
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MALTA PROPERT Y AUCTIONEERS
AUCTION PARTNER SHIP PROGRAMME
TO JOIN THIS WINNING NETWORK CONTACT US ON 2138 8402 24
THE SMART CHOICE!
LOT 15 - APARTMENT - ST. JULIANS Pendergardens
A
236sqm, Brand New Duplex fully furnished apartment located on the higher levels within the renowned special designated area of Pender Gardens. This super bright and airy apartment comprises a wide welcoming entrance hall that lead into a large open plan, fitted kitchen/breakfast, large/bright living & dining with a walkout onto a large 50sqm terrace, ideal for entertaining having both city and distant sea views and preparations for a Jacuzzi. An elegant staircase leads to 3 very well sized bedrooms (main ensuite), large main bathroom and a study as well as more terraces. Quality furniture throughout, fully air-conditioned; fire alarm and many other extras. 2 car spaces are also included with the sale.
Moving on up! 286.00 sqm
3 Bedrooms
GUIDE PRICE â‚Ź1,050,000 - â‚Ź1,190,000 FOR VIEWINGS CALL ADRIAN ABELA 9905 1113
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MALTA PROPERT Y AUCTIONEERS
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THE SMART CHOICE!
&
SERVICE EXPERTISE
VILLA IN NAXXAR 385.00 M2 - 3 BEDROOM, 8 CAR GARAGE €1,250,000 - #SDV16413
TOWN HOUSE IN SLIEMA 5 BEDROOM - BEST STREET €1,450,000 - #TWH18631
APARTMENT IN MADLIENA 3 BEDROOM - 20sqm TERRACE €490,000 - #APT15525
PENTHOUSE IN SLIEMA 160.00 M2 - 3 BEDROOM 2 BATHS €850,000 - #PH18726
APARTMENT IN TA’ L-IBRAGG 120.00 M2 - FULLY FURNISHED €375,000 - #APT17615
PENTHOUSE IN MOSTA 285.00 M2 - 3 BEDROOM 2 BATHS €635,000 - #PH18727
Contact us for further information T: (356) 2138 8399 M: (356) 7979 7956 E: INFO@PIERREFAURE.COM 27
MALTA PROPERT Y AUCTIONEERS
MALTA PROPERT Y AUCTIONEERS
(356) 2138 8402 (356) 7979 7956 4, GIUSEPPE CALI STREET TA’XBIEX, XBX1420
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