Private Residences – Spring Edition 2015

Private Residences • Malta Spring 2015

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Dear Reader!

Spring is the season of change. Flowers start to blossom, closets are filled with lighter clothes; days become longer and gradu-ally warmer. This change brings with it new ideas and thoughts, which we put all together in this spring edition of the ‘Private Res-idences’. I invite you to read through this book, especially if you are looking to sell, buy, or rent a new home, or com-mercial space. Our country has a large amount of resi-dential stock; however, not every house makes a good home. In this edition we have put together a wide

variety of ‘homes’ which appeal to different buyers who are looking for a fresh start. Furthermore, last month marked the 30th anniversa-ry of our company. It cer-tainly gives me plenty of pride and honor to be amongst the first real estate agencies in Malta. Hence, we use our abundance ex-perience 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 es-tate is crucial for all of our clients. Our knowledge and approach can help guarantee and fulfill your objectives whether buying, selling or renting. Our ‘Pri-vate Residences’ is an ex-ample of premium market-ing 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

around the world which is located in 39 different countries. There are numerous rea-sons why the ‘Private Res-idences’ is the right publi-cation to end your prop-erty 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 es-tate agents are very much looking forward to assist-ing you! Kind regards,

Benjamin Tabone GrechManaging Director

Benjamin Tabone GrechManaging DirectorEngel & Völkers Sara Grech

Property area Living space Bedrooms Bathrooms

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Mriehel

Sliema

Portomaso

St. Paul’s Bay

Fgura

Attard

Engel & Völkers Sara Grech, Triq in-Negozju, MriehelPhone +356 2347 0000 Hours 08:00 - 20:00 (daily) 09:00 - 13:00 (Saturdays)

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 it-Torri, SliemaPhone +356 2347 0210 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Weekends)

Triq il-Mosta, St. Paul’s BayPhone +356 2347 0220 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)

Triq iż-Żagħfran, Ħ’AttardPhone +356 2347 0250 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)

Triq Haz-Zabbar, Il-FguraPhone +356 2347 0230 Hours 09:00 - 18:00 (daily) 09:00 - 13:00 (Saturdays)

www.evsaragrech.com

Engel & Völkers Locations in Malta

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E&V SG Recruitment 46

Commercial Properties 44–45

Rental Properties 34–43

Residential Properties 6–33

The importance of listing exclusively 5

30 years ago... 4

Contents

4

In 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

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!

30 years ago...

5

An exclusive agreement between a seller 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.

Below we have listed the advantages we believe that an exclusive agreement will benefit the sale of your property:

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

each one unique. Exclusive agreement are valid for a period of time normally 6 months, and therefore agents are pressured to get on with what they do best and find that buyer before the agreement ends.

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 for sellers to secure the highest possible price since other agents cannot rush them into quickly accepting an offer.

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. From a security perspective it is safer to give out one set of keys, and have limited viewings by qualified buyers. Ultimately all you need is one buyer.

5. A general mandate often has a damaging

effect on the price of a property. In a way this 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.

I believe the time is upon us for sellers to plan their sale strategy more carefully, and question more the tools available to them by agencies that are continuously investing small fortunes to improve their work force, marketing, and other resources.

Our company philosophy, at Engel & Völkers Sara Grech is that we strive to work 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.

The importance of listing exclusively

6

Central · B'KaraHighly finished Maisonette with surrounding garden.

E&V ID W-01ZMPM · Price € 183,000

approx. 25 sqm

approx. 90 sqm

2 1

Engel & Völkers Sara Grech · Phone +356 7975 9010 / +356 9949 [email protected]

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East · St. Julian'sBright and central Apartment with internal yard.

E&V ID W-01YJ8I · Price € 210,000

approx. 14 sqm

approx. 114 sqm

3 2


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East · SwieqiEXCLUSIVE - Bright Apartment with 4-car street garage.

E&V ID W-021V7F · Price € 225,000

approx. 20 sqm

approx. 130 sqm

3 2


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approx. 14 sqm

approx. 312 sqm

3

Double-fronted Townhouse in the heart of this traditional village.E&V ID W-0214UI · Price € 250,000

South · Luqa


2

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West · RabatFully converted House of Character with games room and outdoor space.

E&V ID W-021ZFH · Price € 270,000

approx. 320 sqm

approx. 230 sqm

3 2


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East · VallettaApartment in the heart of the Capital.

E&V ID W-02208D · Price € 295,000

approx. 45 sqm

approx. 85 sqm

2 2


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Furnished Apartment with outdoor space and garage.E&V ID W-01FRQN · Price € 299,500

East · Madliena

approx. 21 sqm

approx. 200 sqm

3 3


13Engel & Völkers Sara Grech · Phone +356 7975 9064 / +356 9949 4884

[email protected]

approx. 30 sqm

approx. 150 sqm

2 1

Fully converted 300 year old House of Character in a highly sought-after area.E&V ID W-01DBWJ · Price € 325,000

Central · Lija

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East · GharghurTraditional House of Character retaining all traditional features.

E&V ID W-01DBMR · Price € 360,000

approx. 48 sqm

approx. 162 sqm

3 2


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Central · NaxxarLovely House of Character with backyard and central courtyard.

E&V ID W-01H3HZ · Price € 377,500

approx. 25 sqm

approx. 225 sqm

3 4



[email protected]

approx. 146 sqm

approx. 195 sqm

3 3

A unique Terraced House with back yard and large 6-car garage.E&V ID W-0220NU · Price € 380,000

North · Mellieha

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North · QawraBeautiful duplex Penthouse with sea views.

E&V ID W-01DGMW · Price € 400,000

approx. 60 sqm

approx. 280 sqm

4 3


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Seafront Apartment with excellent views of Spinola Bay.E&V ID W-0224BC · Price € 446,000

East · St. Julian's

approx. 15 sqm

approx. 95 sqm

2 2



[email protected]

approx. 33 sqm

approx. 95 sqm

2 2

Designer finished duplex Penthouse with back terrace.E&V ID W-01DVHS · Price € 450,000

East · St. Julian's

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East · SliemaSpacious Apartment close to all amenities.

E&V ID W-021ISD · Price € 455,000

approx. 20 sqm

approx. 160 sqm

3 2



[email protected]

approx. 20 sqm

approx. 155 sqm

3 2

Ultra-modern seafront Maisonette with large garage and communal pool.E&V ID W-0226LO · Price € 650,000

South · Marsascala


[email protected]

approx. 292 sqm

approx. 390 sqm

5 4

EXCLUSIVE - Unique Townhouse retaining all traditional features.E&V ID W-021MCQ · Price € 650,000

South · Zejtun

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24approx. 135 sqm

approx. 300 sqm

Spacious semi-detached Villa in a central area.E&V ID W-021PQ8 · Price € 670,000

East · Kappara


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Central · NaxxarBeautiful 400 year old House of Character with ample outdoor space.

E&V ID W-01CRF0 · Price € 875,000

approx. 150 sqm

approx. 500 sqm

4 5



[email protected]

approx. 745 sqm

approx. 350 sqm

4 3

Large and highly finished Bungalow with ample outdoor space.E&V ID W-021YAV · Price € 1,600,000

East · Ibrag

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Central · BalzanLuxury Villa with large garden and pool.

E&V ID W-01DVHU · Price € 1,900,000

approx. 400 sqm

approx. 439 sqm

7 5


Engel & Völkers Sara Grech • The Emporium, Rue D'Argens MsidaLicense Partner of Engel & Völkers Residential/Commercial/Yachting GmbHPhone +356 9949 4884 • [email protected] • www.evsaragrech.com

Our Spring Selection

APARTMENT with open-plan kitchen/living/dining, 3 double bedrooms, main with an en-suite. Xewkija, E&V ID: W-0219BR, €70,000

EXCL

USIVE

Duplex MAISONETTE with 5 bedrooms and 3 bathrooms. Property enjoys a large back garden. Swieqi, E&V ID: W-021A0L, €250,000

Luxury HOUSE OF CHARACTER which includes 3 bedrooms, garden, and a large pool.Mosta, E&V ID: W-02075Y, €550,000

A modernly finished and furnished PENTHOUSE with 3 bedrooms, 2 bathrooms and large front terrace.Zabbar, E&V ID: W-0225LL, €175,000

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

3 bedroom ground floor MAISONETTE with internal yard and optional washroom with half roof.Dingli, E&V ID: W-021TIV, €148,000

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East · MsidaFully 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

approx. 375 sqm

4 5


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West · DingliEXCLUSIVE - 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

3 2


8steps to successfully marketing a property.

Expert property appraisal

Personalised marketing contract

Customised market-ing programme

1 2 3 4Individual initial

consultation

Successful home viewing

Professional contract negotiation

Comprehensive after-sales service

Frequent client communication

5 6 7 8

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South · ZurrieqUnique 15th Century Palazzo surrounded by impressive landscapes.

E&V ID W-01D6E9 · Price € 3,000,000

approx. 7,440 sqm

approx. 560 sqm

9 3


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EXCLUSIVE - Modern Penthouse with spectacular views.E&V ID W-020O4D · Price € 3,500,000

East · Portomaso

approx. 103 sqm

approx. 304 sqm

4 3


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East · SliemaHighly finished duplex Penthouse in Tigne' Point.

E&V ID W-020ZDI · Price € 3,700,000

approx. 290 sqm

approx. 280 sqm

4 5


Engel & Völkers Sara Grech • The Emporium, Rue D'Argens MsidaLicense Partner of Engel & Völkers Residential/Commercial/Yachting GmbH

Phone +356 2347 0000 • [email protected] • www.evsaragrech.com

Finest Real Estate Malta

SOLDSOLD

SOLD

SOLDSOLD

SOLD

SOLDSOLD

SOLD

Your property could be next!Call us on 2347 0000

36

approx. 40 sqm

approx. 120 sqm

2 2

2 East · Sliema Brand new Townhouse with back yard. E&V ID W-021CDA · Price € 1,800 monthly

Engel & Völkers Sara Grech · Phone +356 7975 [email protected]

approx. 187 sqm

approx. 80 sqm

1 2

1 East · Sliema Seafront Penthouse with spacious terrace. E&V ID W-021VXR · Price € 2,000 monthly

1

2

37Engel & Völkers Sara Grech · Phone +356 7975 9029

[email protected]

approx. 18 sqm

approx. 162 sqm

3 2

2 East · Portomaso Stylish Apartment in this prestigious development. E&V ID W-01DPW4 · Price € 2,500 monthly

approx. 150 sqm

approx. 250 sqm

3 2

1 East · Sliema Modern Penthouse with fantastic sea views. E&V ID W-01FE8S · Price € 4,500 monthly

1

2

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approx. 10 sqm

approx. 190 sqm

3 2

2 East · Sliema Modern seafront apartment with stunning views. E&V ID W-01OTP6 · Price € 3,000 monthly

Engel & Völkers Sara Grech · Phone +356 7975 [email protected]

approx. 60 sqm

approx. 120 sqm

2 2

1 East · Sliema Duplex Penthouse with side sea views. E&V ID W-0224ER · Price € 2,800 monthly

1

2


[email protected]

approx. 10 sqm

approx. 60 sqm

2 2

2 Central · Naxxar Designer finished Apartment with country views. E&V ID W-0222OC · Price € 1,500 monthly

approx. 200 sqm

approx. 160 sqm

2 2

1 Central · Mosta Modern brand new Penthouse enjoying views. E&V ID W-021BHR · Price € 1,200 monthly

1

2


[email protected]

approx. 40 sqm

approx. 110 sqm

3 1

1 West · Zebbug Modern Penthouse in a well-located area. E&V ID W-021NVC · Price € 1,000 monthly

approx. 23 sqm

approx. 132 sqm

2 3

2 West · Rabat Traditional Townhouse with roof terrace. E&V ID W-021KF0 · Price € 2,400 monthly

1

2

The new GG Magazine is available in any of our property lounges.

Pick your copy today!




[email protected]

approx. 60 sqm

approx. 100 sqm

3 2

1 West · Zebbug Modern Penthouse in the heart of the village. E&V ID W-0213OS · Price € 1,000 monthly

approx. 30 sqm

approx. 220 sqm

3 2

2 North · St. Paul's Bay Large apartment overlooking St. Paul's islands. E&V ID W-0224V3 · Price € 1,600 monthly

1

2


[email protected]

approx. 30 sqm

approx. 250 sqm

4 4

2 North · Qawra Seafront luxury Villa with outdoor space. E&V ID W-0221Q8 · Price € 3,500 monthly

approx. 3,000 sqm

approx. 800 sqm

5 5

1 North · Mellieha Traditional Villa with breathtaking views. E&V ID W-021R27 · Price € 5,300 monthly

1

2

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Top Commercial Properties

Class-4 Shop measuring 84 sqm in the heart of Valletta with excellent pedestrian traffic.Valletta, E&V ID: W-021Z2S, Price On Request

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

Unique Restaurant in the heart of the silent city. Property accomodates 70-90 covers. Mdina, E&V ID: W-021K1V, €3,350 monthly

Elevated ground floor Office space measuring 56 sqm with splendid sea views. Sliema, E&V ID: W-021U60, €312,500

Modernly finished Shop with a good-sized basement. Property measures 295 sqm.B'Kara, E&V ID: W-020RD7, €2,400 monthly

Guest House situated in a very good location in Sliema. Property can accomodate 20 people. Sliema, E&V ID: W-01Z9Y3, €575,000

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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



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

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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: [email protected]



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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

Spring Edition 2015

Editorial OfficeBenjamin Grech - Managing Director

ProductionMark Trapani - Marketing Executive

Created for:Engel & Völkers Sara Grech

License Partner of Engel & Völkers Residential GmbHLicense Partner of Engel & Völkers Commercial GmbH

License Partner of Engel & Völkers Yachting GmbH

Engel & Völkers Sara Grech, Triq in-Negozju, Mriehel, MaltaTelephone +356 2347 0000 - [email protected]

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.

[email protected]

Documents

Private Residences – Spring Edition 2015