Private Residences • Malta Spring 2015
variety of ‘homes’ which appeal to different buyers who are looking for a fresh start.
Benjamin Tabone Grech Managing Director Engel & Völkers Sara Grech
Dear Reader! Spring is the season of change. Flowers start to blossom, closets are filled with lighter clothes; days become longer and gradually warmer. This change brings with it new ideas and thoughts, which we put all together in this spring edition of the ‘Private Residences’. I invite you to read through this book, especially if you are looking to sell, buy, or rent a new home, or commercial space. Our country has a large amount of residential stock; however, not every house makes a good home. In this edition we have put together a wide
Property area
Furthermore, last month marked the 30th anniversary of our company. It certainly gives me plenty of pride and honor to be amongst the first real estate agencies in Malta. Hence, we use our abundance experience to offer a unique and bespoke brokerage service setting the highest of standards within our local industry. One of our benchmarks is our portfolio of exclusive real estate. We believe that focusing on quality real estate is crucial for all of our clients. Our knowledge and approach can help guarantee and fulfill your objectives whether buying, selling or renting. Our ‘Private Residences’ is an example of premium marketing to a high standard of market value quality homes. We reach across the entire island through a mass distribution and, this book is also distributed across the E&V network
Living space
Bedrooms
around the world which is located in 39 different countries. There are numerous reasons why the ‘Private Residences’ is the right publication to end your property search. Should you fail to find it in this edition, I encourage you to have a look at our website: www. evsaragrech.com or visit us in one of our property lounges. In either case, our experienced real estate agents are very much looking forward to assisting you! Kind regards,
Benjamin Tabone Grech Managing Director
Bathrooms
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Engel & Völkers Locations in Malta
Mriehel
St. Paul’s Bay
Engel & Völkers Sara Grech, Triq in-Negozju, Mriehel Phone +356 2347 0000 Hours 08:00 - 20:00 (daily) 09:00 - 13:00 (Saturdays)
Triq il-Mosta, St. Paul’s Bay Phone +356 2347 0220 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)
Portomaso
Attard
St. Julians Terrace, Triq il-Knisja, St Julian’s Phone +356 2347 0240 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)
Triq iż-Żagħfran, Ħ’Attard Phone +356 2347 0250 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)
Sliema
Fgura
Triq it-Torri, Sliema Phone +356 2347 0210 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Weekends)
Triq Haz-Zabbar, Il-Fgura Phone +356 2347 0230 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)
www.evsaragrech.com 2
Contents
30 years ago...
4
The importance of listing exclusively
5
Residential Properties
6–33
Rental Properties
34–43
Commercial Properties
44–45
E&V SG Recruitment
46
3
30 years ago...
I
n the event of our 30th anniversary, we are going to look back into the past. We were founded in 1985, coincidentally the same year Back To The Future was released, and in a way the Sara Grech story was like coming right out of an inspirational movie. This was the best era for property investors in Malta, and is often recognized as the time of opportunity. Following the demise of the British Military Forces in the late 70s, the Land Department experienced a substantial rise in property stock. Furthermore, during the same time, the Government devised social housing programmes for middle class workers which saw the demand for property in Malta increase. As with every other thing in business, change in consumer behaviour is an opportunity from a business perspective. In the 1980s, the real estate industry in Malta featured only a handful of brokerage companies, one of which was founded by Ms. Sara Grech's
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father. This did pave the way for Sara to enter the real estate industry; however, other obstacles where in line. During this time it was unheard of a woman opening a real estate company, and therefore the lack of female presence did make Sara's initial operations more difficult. Backed with the right education, and market knowledge, Sara's philosophy was that the most important thing about running a company is to remember what it represents: people that need to be brought together as a cohesive team. As a team leader, she needed to be an attentive listener and an inspired motivator and seek the best in people and praise their work. Praise makes people flourish. There is a thin dividing line between success and failure – and you need to stay on the right side of that line. Being aware of this helps you stay in tune. Sara worked to instil one Golden Rule, of treating others the same way she would like to be treated. She also emphasized the importance of respecting the individual, and having a
hands-on and enthusiastic approach. The Sara Grech Ltd. adventure started off from Sara's home in Naxxar on the 29th March 1985. After a span of 6 months, Ms. Grech rented a second floor apartment in Point Street Sliema, and within a year Sara Grech Ltd. bought their first office in Abate Rigord Street Ta’ Xbiex (pictured above). Ms. Grech is forever thankful to Mr Anthony Borg, who gave her the chance to buy her first office by offering her the time to pay the office and a block of 50 apartments to sell exclusively within 6 months. Ms Grech worked hard and sold the 50 units within 3 months and bought her office outright. Hard work does pay off with innovate ideas and round the clock work. She had only one agent with her. She remembers saying that she lost about 10 kilos during these 3 months because the block had no lift and 3 flights of stairs and 5 blocks. After buying her first office, the whole Sara Grech Ltd. operation took off, and as they say, the rest is history!
The importance of listing exclusively
A
nexclusiveagreementbetweenaseller and an agent is an effective way to achieve the highest market value for your property. Properties of the highest quality and demand will fall into our exclusive portfolio but the seller must understand the benefits. This agreement is not always understood fully and many times sellers are reluctant to engage into this type of agreement. Our partners across the E&V network only work with exclusivity, this is normal practice in their market but our local market can be more challenging. Here is how we can improve your entire selling process, and ultimately the value.
each one unique. Exclusive agreement are valid for a period of time normally 6 months, and therefore agents are pressured togetonwithwhattheydobestandfindthat buyer before the agreement ends.
Below we have listed the advantages we believe that an exclusive agreement will benefit the sale of your property:
4. An exclusive agreement also means that many of a sellers personal demands can be accommodated. When a seller is dealing with multiple agencies it can be a headache to organise appointments, and welcoming many different agents who are not familiar with the property can be detrimental to the sale.Fromasecurityperspectiveitissaferto give out one set of keys, and have limited viewingsbyqualifiedbuyers.Ultimatelyall you need is one buyer.
1. Our real estate market is small and we have a large stock of residential property for sale, an exclusive agreement with an agent means that the agent will focus on concluding a sale as these properties take priority in his portfolio. 2. Time is an important factor when trying to sell your home, for many reasons but
3. Since agents are dealing with many potential buyers with different demands, when a search client expresses an interest the agent can keep track of all offers and honestly advise buyers when offers are less likely to be accepted. This is also important forsellerstosecurethehighestpossibleprice since other agents cannot rush them into quickly accepting an offer.
5. A general mandate often has a damaging
effectonthepriceofaproperty.Inawaythis is similar to buying common daily goods, which are available from different stores. In any industry, fluctuations in the price are the consequences of strong competition. The product uniqueness that only comes about with exclusive agreements helps preserve the price, and value of the property. 6. Finally, the marketing plan set for exclusive properties is tailored to the bespoke needs of the seller and the type of property. Agencies invest considerably more in exclusive properties. Ibelievethetimeisuponusforsellerstoplan their sale strategy more carefully, and questionmorethetoolsavailabletothemby agencies that are continuously investing small fortunes to improve their work force, marketing, and other resources. Our company philosophy, at Engel & VรถlkersSaraGrechisthatwestrivetowork exclusively with passion. The Private Residences is a small example of our marketing capabilities, and which is the ideal selling platform for our exclusive listings.
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Central · B'Kara Highly finished Maisonette with surrounding garden. E&V ID W-01ZMPM · Price € 183,000 approx. 25 sqm
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approx. 90 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9010 / +356 9949 4884 Malta@engelvoelkers.com
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East · St. Julian's Bright and central Apartment with internal yard. E&V ID W-01YJ8I · Price € 210,000 approx. 14 sqm
approx. 114 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9004 / +356 9949 4884 Malta@engelvoelkers.com
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East · Swieqi EXCLUSIVE - Bright Apartment with 4-car street garage. E&V ID W-021V7F · Price € 225,000 approx. 20 sqm
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approx. 130 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9002 / +356 9949 4884 Malta@engelvoelkers.com
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South · Luqa Double-fronted Townhouse in the heart of this traditional village. E&V ID W-0214UI · Price € 250,000 approx. 14 sqm
approx. 312 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9024 / +356 9949 4884 Malta@engelvoelkers.com
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West · Rabat Fully converted House of Character with games room and outdoor space. E&V ID W-021ZFH · Price € 270,000 approx. 320 sqm
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approx. 230 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9007 / +356 9949 4884 Malta@engelvoelkers.com
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East · Valletta Apartment in the heart of the Capital. E&V ID W-02208D · Price € 295,000 approx. 45 sqm
approx. 85 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9007 / +356 9949 4884 Malta@engelvoelkers.com
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East · Madliena Furnished Apartment with outdoor space and garage. E&V ID W-01FRQN · Price € 299,500 approx. 21 sqm
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approx. 200 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9027 / +356 9949 4884 Malta@engelvoelkers.com
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Central · Lija Fully converted 300 year old House of Character in a highly sought-after area. E&V ID W-01DBWJ · Price € 325,000 approx. 30 sqm
approx. 150 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9064 / +356 9949 4884 Malta@engelvoelkers.com
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East · Gharghur Traditional House of Character retaining all traditional features. E&V ID W-01DBMR · Price € 360,000 approx. 48 sqm
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approx. 162 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9038 / +356 9949 4884 Malta@engelvoelkers.com
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Central · Naxxar Lovely House of Character with backyard and central courtyard. E&V ID W-01H3HZ · Price € 377,500 approx. 25 sqm
approx. 225 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9003 / +356 9949 4884 Malta@engelvoelkers.com
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North · Mellieha A unique Terraced House with back yard and large 6-car garage. E&V ID W-0220NU · Price € 380,000 approx. 146 sqm
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approx. 195 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9068 / +356 9949 4884 Malta@engelvoelkers.com
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North · Qawra Beautiful duplex Penthouse with sea views. E&V ID W-01DGMW · Price € 400,000 approx. 60 sqm
approx. 280 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9018 / +356 9949 4884 Malta@engelvoelkers.com
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East · St. Julian's Seafront Apartment with excellent views of Spinola Bay. E&V ID W-0224BC · Price € 446,000 approx. 15 sqm
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approx. 95 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9021 / +356 9949 4884 Malta@engelvoelkers.com
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East · St. Julian's Designer finished duplex Penthouse with back terrace. E&V ID W-01DVHS · Price € 450,000 approx. 33 sqm
approx. 95 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9012 / +356 9949 4884 Malta@engelvoelkers.com
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East · Sliema Spacious Apartment close to all amenities. E&V ID W-021ISD · Price € 455,000 approx. 20 sqm
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approx. 160 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9005 / +356 9949 4884 Malta@engelvoelkers.com
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South · Marsascala Ultra-modern seafront Maisonette with large garage and communal pool. E&V ID W-0226LO · Price € 650,000 approx. 20 sqm
approx. 155 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9030 / +356 9949 4884 Malta@engelvoelkers.com
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South · Zejtun EXCLUSIVE - Unique Townhouse retaining all traditional features. E&V ID W-021MCQ · Price € 650,000 approx. 292 sqm
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approx. 390 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9047 / +356 9949 4884 Malta@engelvoelkers.com
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East · Kappara Spacious semi-detached Villa in a central area. E&V ID W-021PQ8 · Price € 670,000 approx. 135 sqm
approx. 300 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9016 / +356 9949 4884 Malta@engelvoelkers.com
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Central · Naxxar Beautiful 400 year old House of Character with ample outdoor space. E&V ID W-01CRF0 · Price € 875,000 approx. 150 sqm
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approx. 500 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9028 / +356 9949 4884 Malta@engelvoelkers.com
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East · Ibrag Large and highly finished Bungalow with ample outdoor space. E&V ID W-021YAV · Price € 1,600,000 approx. 745 sqm
approx. 350 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9036 / +356 9949 4884 Malta@engelvoelkers.com
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Central · Balzan Luxury Villa with large garden and pool. E&V ID W-01DVHU · Price € 1,900,000 approx. 400 sqm
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approx. 439 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9023 / +356 9949 4884 Malta@engelvoelkers.com
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Our Spring Selection VE
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APARTMENT with open-plan kitchen/living/ dining, 3 double bedrooms, main with an en-suite. Xewkija, E&V ID: W-0219BR, €70,000
3 bedroom ground floor MAISONETTE with internal yard and optional washroom with half roof. Dingli, E&V ID: W-021TIV, €148,000
A modernly finished and furnished PENTHOUSE with 3 bedrooms, 2 bathrooms and large front terrace. Zabbar, E&V ID: W-0225LL, €175,000
Duplex MAISONETTE with 5 bedrooms and 3 bathrooms. Property enjoys a large back garden. Swieqi, E&V ID: W-021A0L, €250,000
Semi-detached VILLA in a tranquil area. This 3 bedroom property has a 1-car garage and backyard. Attard, E&V ID: W-0224XS, €500,000
Luxury HOUSE OF CHARACTER which includes 3 bedrooms, garden, and a large pool. Mosta, E&V ID: W-02075Y, €550,000
Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 9949 4884 • Malta@engelvoelkers.com • www.evsaragrech.com
East · Msida Fully detached House of Character with pool, large green area and 4-car garage. E&V ID W-022501 · Price € 2,100,000 approx. 1,925 sqm
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approx. 375 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9047 / +356 9949 4884 Malta@engelvoelkers.com
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West · Dingli EXCLUSIVE - Fully detached House of Character with over 16 tumoli of land. E&V ID W-01DVMJ · Price € 2,950,000 approx. 16,280 sqm
approx. 320 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9038 / +356 9949 4884 Malta@engelvoelkers.com
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8
steps to successfully marketing a property.
1 Individual initial consultation
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3
4
Expert property appraisal
Personalised marketing contract
Customised marketing programme
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6
Successful home viewing
Frequent client communication
7 Professional contract negotiation
8 Comprehensive after-sales service
South · Zurrieq Unique 15th Century Palazzo surrounded by impressive landscapes. E&V ID W-01D6E9 · Price € 3,000,000 approx. 7,440 sqm
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approx. 560 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9024 / +356 9949 4884 Malta@engelvoelkers.com
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East · Portomaso EXCLUSIVE - Modern Penthouse with spectacular views. E&V ID W-020O4D · Price € 3,500,000 approx. 103 sqm
approx. 304 sqm
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Engel & Völkers Sara Grech · Phone +356 7949 4884 / +356 9949 4884 Malta@engelvoelkers.com
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East · Sliema Highly finished duplex Penthouse in Tigne' Point. E&V ID W-020ZDI · Price € 3,700,000 approx. 290 sqm
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approx. 280 sqm
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Engel & Völkers Sara Grech · Phone +356 7975 9026 / +356 9949 4884 Malta@engelvoelkers.com
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Your property could be next! Call us on 2347 0000 Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 2347 0000 • Malta@engelvoelkers.com • www.evsaragrech.com
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2 1 East · Sliema Seafront Penthouse with spacious terrace. E&V ID W-021VXR · Price € 2,000 monthly approx. 187 sqm
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approx. 80 sqm
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2 East · Sliema Brand new Townhouse with back yard. E&V ID W-021CDA · Price € 1,800 monthly 2
approx. 40 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 120 sqm
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2 1 East · Sliema Modern Penthouse with fantastic sea views. E&V ID W-01FE8S · Price € 4,500 monthly approx. 150 sqm
approx. 250 sqm
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2 East · Portomaso Stylish Apartment in this prestigious development. E&V ID W-01DPW4 · Price € 2,500 monthly 2
approx. 18 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 162 sqm
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2 1 East · Sliema Duplex Penthouse with side sea views. E&V ID W-0224ER · Price € 2,800 monthly approx. 60 sqm
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approx. 120 sqm
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2 East · Sliema Modern seafront apartment with stunning views. E&V ID W-01OTP6 · Price € 3,000 monthly 2
approx. 10 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 190 sqm
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2 1 Central · Mosta Modern brand new Penthouse enjoying views. E&V ID W-021BHR · Price € 1,200 monthly approx. 200 sqm
approx. 160 sqm
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2 Central · Naxxar Designer finished Apartment with country views. E&V ID W-0222OC · Price € 1,500 monthly approx. 10 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 60 sqm
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2 1 West · Zebbug Modern Penthouse in a well-located area. E&V ID W-021NVC · Price € 1,000 monthly approx. 40 sqm
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approx. 110 sqm
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2 West · Rabat Traditional Townhouse with roof terrace. E&V ID W-021KF0 · Price € 2,400 monthly 1
approx. 23 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 132 sqm
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The new GG Magazine is available in any of our property lounges. Pick your copy today!
Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 2347 0000 • Malta@engelvoelkers.com • www.evsaragrech.com
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2 1 West · Zebbug Modern Penthouse in the heart of the village. E&V ID W-0213OS · Price € 1,000 monthly approx. 60 sqm
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approx. 100 sqm
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2 North · St. Paul's Bay Large apartment overlooking St. Paul's islands. E&V ID W-0224V3 · Price € 1,600 monthly 2
approx. 30 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 220 sqm
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2 1 North · Mellieha Traditional Villa with breathtaking views. E&V ID W-021R27 · Price € 5,300 monthly approx. 3,000 sqm
approx. 800 sqm
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2 North · Qawra Seafront luxury Villa with outdoor space. E&V ID W-0221Q8 · Price € 3,500 monthly 5
approx. 30 sqm
Engel & Völkers Sara Grech · Phone +356 7975 9029 Malta@engelvoelkers.com
approx. 250 sqm
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Top Commercial Properties
Unique Restaurant in the heart of the silent city. Property accomodates 70-90 covers. Mdina, E&V ID: W-021K1V, €3,350 monthly
Guest House situated in a very good location in Sliema. Property can accomodate 20 people. Sliema, E&V ID: W-01Z9Y3, €575,000
Class-4 Shop measuring 84 sqm in the heart of Valletta with excellent pedestrian traffic. Valletta, E&V ID: W-021Z2S, Price On Request
Modernly finished Shop with a good-sized basement. Property measures 295 sqm. B'Kara, E&V ID: W-020RD7, €2,400 monthly
Elevated ground floor Office space measuring 56 sqm with splendid sea views. Sliema, E&V ID: W-021U60, €312,500
1000 sqm Office space in a modern block served with a lift and located in a very busy road. Qormi, E&V ID: W-021RSI, €8,300 monthly
Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 7975 9029 • Malta@engelvoelkers.com • www.evsaragrech.com
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Top Commercial Properties
Very well located corner Showroom/Office with great visibility measuring 156 sqm. Mosta, E&V ID: W-01ZLK5, €4,100 monthly
Commercial office measuring 300 sqm and located in a highly popular industrial locality. Mriehel, E&V ID: W-020U0T, €3,750 monthly
140sqm finished Office close to the Sliema promenade. Property is situated on ground floor level. Sliema, E&V ID: W-01TNHS, €2,400 monthly
Large Office space available for rent in a central strategic area. Property measures 490 sqm. Ta' Xbiex, E&V ID: W-020OA5, €5,800 monthly
Highly finished and furnished Office complete with boardroom, kitchenette and waiting area. Valletta, E&V ID: W-021T11, €3,000 monthly
Traditional Maltese Townhouse in the heart of the capital city which can take up to 10 offices. Valletta, E&V ID: W-01E909, €5,000 monthly
Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 7975 9029 • Malta@engelvoelkers.com • www.evsaragrech.com
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'The company's international network means that you also have great long-term prospects here.'
Make your life shine! Work with Engel & Völkers Sara Grech Professional success is determined by your ability to set a course and navigate the twists and turns along the way. It’s determined by your ability to survive and evolve in response to change, and it’s determined by calendars not clocks. But life also has a way of whizzing past – it’s always later than you think. To make your dreams come true, start living those dreams today by investing your time in the activities that will make you successful and help you get what you want out of life, we do the rest. We live at the most exciting of times: the dawn of a new era when change and opportunity are constant in professional life. If you’re truly committed to working towards your goals, you can develop the strategies and tactics that will deliver a meaningful and fulfilled life – you can learn to live life on your terms. Engel & Völkers Sara Grech invest in their people, they help keep your skills in sync with the market demands and give you the strategy to build on tactics for professional growth. Engel & Völkers Sara Grech have established a credible desirable brand. Send us your cv on: Malta.hr@engelvoelkers.com Engel & Völkers Sara Grech • The Emporium, Rue D'Argens Msida License Partner of Engel & Völkers Residential/Commercial/Yachting GmbH Phone +356 2347 0000 • Malta@engelvoelkers.com • www.evsaragrech.com
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Our global network
Argentina Australia Austria Bahrain Belgium Chile Hong Kong Canada
Colombia Croatia Czech Republic Dominican Republic France Germany Greece Hungary
Ireland Italy Liechtenstein Luxembourg Malta Mexico Montenegro Netherlands
Oman Peru Portugal Qatar Russia South Africa Spain Sweden
Switzerland Thailand Turkey UAE UK Uruguay USA
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Spring Edition 2015 Editorial Office
Benjamin Grech - Managing Director
Production
Mark Trapani - Marketing Executive
Created for:
Engel & Vรถlkers Sara Grech License Partner of Engel & Vรถlkers Residential GmbH License Partner of Engel & Vรถlkers Commercial GmbH License Partner of Engel & Vรถlkers Yachting GmbH Engel & Vรถlkers Sara Grech, Triq in-Negozju, Mriehel, Malta Telephone +356 2347 0000 - Malta@engelvoelkers.com www.evsaragrech.com
The content of this book has been published with legal permission to the editor from all respective owners. The editor is not responsabile for any errors in the property photos. Also, the editor is not held responsabile for any imperfections in the property descriptions and measurements.
www.evsaragrech.com Malta@engelvoelkers.com