Villa Luginsland, a historical palazzo in Rabat, originally placed on the market in September 2016 for more than €4 million has been sold, announced property broker Stefan Consiglio on Monday.
The building had fallen into disrepair after an extended period of time without occupation, and its new owners are expected to make a major investment to repair it.
Announcing the sale on social media, Mr Consiglio detailed how the building will undergo an “enormous restoration project, retaining all of its beautiful features and restoring it to its former glory with the addition of a perfectly landscaped garden.”
The property was built in 1887 by the German consul in Malta Baron Max von Tucker. Many of the rooms are furnished with works by Giuseppe Cali.
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