Property Description

Prestigious Newly Renovated Project – Last Apartment for Sale –  in Palermo’s Historic Old Town

In the colourful and thriving heart of Palermo, right behind the city’s main pedestrianised thoroughfare, the new Torre Maqueda Apartments for sale in Palermo are set to offer comfort, style and an unbeatable position in the midst of one of Europe’s most exciting cities.

All along the bustling via Maqueda, from the fabulous symphony hall of the Teatro Politeama and the fashionable boutiques to the north to the city’s impressive Centrale station in the south, the sights and smells of restaurants, bars and colourful shop windows are a delight for the senses. On Sunday evenings in summer it feels as though the whole city meets here, for the ritual stroll known as the passeggiata. If you want to buy a home in one of Sicily’s great cultural melting pots, this is a perfect opportunity.

The Torre Maqueda development will rise right out of the centre of this, just 200m from the Teatro Massimo opera house, said to be the most acoustically perfect in Europe, and 300m from the famous Quattro Canti junction where the four districts of the city’s old town come together.

This is a growing and rapidly modernising Palermo at its very best: social, spontaneous, artistic. And in Torre Maqueda you have a rare chance to buy a one-or two-bedroom apartment without any of the challenges of renovating old real estate. The 21 brand new homes will be sold in perfect, pristine condition, totally renovated and complete with all furniture and fittings.

Only one of these units remains to be claimed – a one-bedroom apartment on the seventh floor. It would make a perfect investment purchase. You can buy it, draw significant rental income and of course stay there yourselves any time you want to visit the centre of Palermo.

With work almost complete, delivery is scheduled for October 2025.

The Property

The seventh floor of the building offers is above the surrounding rooftops, and offers a really incredible panoramic view of Palermo’s old town and the surrounding mountains.

The apartment is long and thin, around 16m by 3m, although it is a more interesting shape than a perfect rectangle. However, around 50m2 of space will be divided between the bedroom, kitchen, living room and twin bathrooms. This last feature is especially advantageous for rental use, as it means that you can rent to four adults at once, using the sofa bed in the living room.

The windows are full length with blackout curtains. Light natural wood and mature paint tones accent the smooth plaster walls, with parquet flooring underfoot and a bedroom in a luxurious deep purple. The bathrooms will be comfortable, with large, accessible flat-tray showers and porcelain hygiene suites.

The furniture will be supplied by the Palermo outlet of the high-end homeware manufacturer Longho. A particular strength will be an innovative and varied lighting design, using spots, uplighting and bar lights to lightly direct attention and ensure a smooth, uniform coverage.

The flats will be energy class A, served with its own independent heating system, energy-efficient windows and a modern water boiler.

Outside, a private courtyard will be furnished for the exclusive use of residents. And sticking with the theme of outdoor spaces, the top floor apartment boasts a real prize – a spacious garden roof terrace, offering superb views of central Palermo and the surrounding mountains.

Surroundings

The location of Torre Maqueda could not be any more central or convenient. The development takes its name from the famous via Maqueda, just metres from its front door. You’ll find all manner of shops, some fabulous restaurants, mouthwatering street food, popular bars, great music, art, pageantry and family life here – in short, all the best things that Sicily has to offer.

In the past, this building was a factory producing clothing and fabrics. The area was, in fact, a bit of a hub for the trade, and along Via Sant’Agostino there are still a few small shops selling quality fabric at a good price to local tailors and seamstresses.

The sights and smells of the Capo street market begin to gather steam, literally and metaphorically, just a couple of streets behind the apartment. Neither of the other members of the famous trio of sprawling, souk-like shopping districts – the Vucciria and the Ballarò – are far away either.

The UNESCO-protected architecture of the city’s unique Arab-Norman cathedral is just 700m away, reachable in ten minutes. The stunning brand new marina, complete with dancing fountains and some great dining options, needs just a fifteen minute walk. So too do the exclusive shops of via Libertà, including Dolce & Gabbana, Prada and Gucci.

The beautiful turn of the century Palermo Centrale railway station is a similar distance, with trains leaving regularly for Messina, Catania and Cefalù but also the major cities of the Italian mainland – Naples, Rome and Milan. You can also cross the Tyrrhenian Sea by boat from the city’s port. The Falcone-Borsellino international airport is an easy 40 minute journey by bus, rail or car.

For location, these will certainly be some of the best apartments for sale in Palermo.

Potential

Needless to say, with a total, no-expense-spared restoration underway in Torre Maqueda even as you read this, there will be no investment needed to upgrade your new apartment. Remember that it will even be sold furnished.

Palermo is a growing tourist market, and also becoming a hotspot for digital nomads. If you would be interested in buying one or more of these units as a pure investment, our sister company Solemar Sicilia is a thriving agency with decades of experience helping high class travellers find luxury apartments in Sicily. They believe that a property of this calibre will yield up to €30,000 per year.

Not only can they take care of all the practical tasks of rental property management (organising check-ins and check-outs, hiring cleaners, taking responsibility for maintenance and bureaucratic tasks), they will also apply for a holiday home licence for each purchaser who requests this service – at no cost to you.

If you are in a position to transfer your financial residence to Sicily on the back of your real estate purchase, you will find yourself in an extremely advantageous tax position. Please don’t hesitate to ask for more details on the financial opportunities or any other detail of these exciting new apartments for sale in Palermo’s historic old town.