This furnished 3-bedroom townhouse in Valletta offers a unique investment opportunity with full freehold ownership and airspace included. The property spans 280 sqm and enjoys open views from multiple outdoor spaces, including a front terrace, front balcony, and back balcony. Set in Lower Barrack Gardens, it is ideally located for both residential living and commercial use. The home features two bathrooms, an open-plan living/kitchen/dining area, and is fully air-conditioned throughout. With no lift, it retains its original character while allowing for flexible use. This property can be converted into a 14-bedroom boutique hotel, subject to permits. A rare find in the heart of Valletta offering both charm and high development potential.