Discover a unique opportunity within Floriana's sought-after Urban Conservation Area. This traditional three-bedroom townhouse, spanning 150 sqm across three levels, presents significant potential for comprehensive restoration. Featuring three bathrooms, an underlying basement, and full ownership of the roof and airspace, it retains authentic Maltese architectural elements such as a stone staircase, high ceilings, and a classic façade. Its prime location offers immediate access to Valletta and essential amenities, making it ideal for various ventures including boutique accommodation, luxury apartments, or a distinctive private residence. This freehold property is a rare find for investors seeking a high-yield project in a central, well-connected location.