Palazzo Alexandria Across from the Greek Museum

location Property No. 4, Greek Museum Street, the Latin Neighbourhood., Alattarin, Alexandria, Egypt
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  • Starting Bid EGP 1,000
  • Current Bid EGP 165,000,000
  • Bid Increment EGP 2,500,000
  • Next Bid EGP 167,500,000
  • 0 Bidders
  • 2 Watching
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Auction Ends In
Time Remaining
  • Start: Jan 09, 2026 12:35 PM
  • End: Mar 20, 2026 12:35 PM
Property Summary Active
  • Market Estimate (EGP) 300,000,000
  • Sub Property Type Whole Building
  • Asset Type Residential
  • Area 2400 m²
  • Bedrooms 48
  • Bathrooms 5
  • Transaction Type Resale
  • Furnished Fully Finished
  • Occupancy Vacant
Commissions
Terms Booklet
Seller Messages
  • Mar 10, 02:54 AM

    Welcome to the auction for this luxury penthouse villa!

  • Mar 10, 02:54 AM

    Important: The seller has lowered the reserve price. This is a great opportunity!

  • Mar 10, 02:54 AM

    URGENT: Auction will close in 3 hours. Place your bids now!

Overview

In partnership with Misr Real Estate Assets Management (MREA), belmazad.com presents to you, perched on a 1,173 m² plot along Alexandria’s celebrated pedestrian museum promenade, this 48-room four-level mansion—built in the early 1900s in the Neoclassical (Belle Époque) style—combines 2400 m² of interior space with a 317 m² private garden. Its ornate cornices, marble staircases and coffered plaster ceilings evoke early-20th-century elegance, while its flexible layout with separate service rooms, corridors and access lends itself to hospitality, residential or cultural uses.

Location & Context

  • Cultural District: Directly opposite the Government Museum and Graeco-Roman Museum on a vibrant pedestrian boulevard filled with high-end stores and restaurants

  • Beach Proximity: Approximately 680 m to Alexandria’s Corniche and public beach access

  • Transport & Access: Secure private bays in an adjacent underground parking structure; easy walking connections to cafés, galleries and landmark hotels

Property Details

  • Year Built: Early 1900s

  • Architecture Style: Neoclassical / Belle Époque

  • Land Area: 1,173 m²

  • Built-Up Area: Aprox 2400 m²

  • Garden Area: 317 m²

  • Levels: Lowered Ground Floor; Ground Floor; First Floor; Second Floor / Rooftop

  • Parking: Private bays in a building in front of the mansion

  • Bathrooms: Five full baths (four on Ground Floor; one on First Floor)

  • Vertical Circulation: Grand marble staircase—massive enough to integrate a lift without major structural work

Lowered Ground Floor

Dedicated to back-of-house services and support areas, including storage vaults, large oven rooms, a prayer room, mechanical rooms, discreet staff corridors and accommodation with two external entrances.

Ground Floor

A grand wrought-iron portico entrance leads into interconnected reception salons and dining halls, each with over 6 m ceilings, original marble or parquet floors and direct access to an internal courtyard garden.

First Floor

A 12 m-long Great Hall is flanked by eleven rooms—ideal for master suites or state salons—all opening onto wrap-around balconies with sweeping pedestrian-street vistas.

Second Floor / Rooftop

A sunlit pavilion crowns the villa, perfect for a sky lounge or gallery space, while expansive 360° terraces offer panoramic views of Alexandria’s skyline and include four additional rooms.

Unique Selling Points (USPs)

  • Heritage Landmark: Authentic Belle Époque details—Wrought-iron verandas, marble and parquet floors, stained-glass clerestory—await expert restoration

  • Four-Level Flexibility: Separate zones for service/support with dedicated entrances and exits; grand entertaining; state rooms; rooftop activation

  • Outdoor Living: 317 m² of terraces and gardens (inner courtyard, side-garden walkway, ground-floor terrace, rooftop deck)

  • Service Infrastructure: Butler’s pantry; staff corridors with sink and WC; spiral service stair

  • Lift Potential: The grand marble staircase is so spacious it can accommodate an internal lift installation without major structural alteration

  • Restoration Incentives: Structurally sound shell primed for restoration and modernization

Amenities

  • Secure private bays in adjacent parking structure

  • Grand wrought-iron entrance portico

  • Multiple reception salons with high (> 6 m) ceilings

  • Internal garden courtyard shaded by mature trees

  • First-floor wrap-around balconies

  • Second-floor rooftop pavilion and panoramic terraces

  • Dedicated service corridors and staff stair

  • Five full bathrooms

  • Period marble-inlaid and herringbone-parquet floors

  • Grand staircase with lift-integration potential

Potential Investment Strategies

  1. Boutique Heritage Hotel
    Convert state rooms into 12–15 individually themed suites, activate the rooftop pavilion as a signature bar or fine-dining venue, and leverage heritage-restoration grants to offset costs.

  2. Serviced Luxury Residences
    Develop 4–6 high-end serviced apartments with private terraces; partner with a boutique operator to provide full concierge and F&B services.

  3. Cultural & Events Destination
    Program the First Floor salons for exhibitions, product launches and private events; collaborate with local museums for year-round cultural programming.

  4. Premium Co-Working Venue
    Adapt select salons into flexible offices and boardrooms; offer memberships combining workspace, event-hosting privileges and parking access.

  5. Corporate Headquarters
    Transform the state rooms and Great Hall into executive offices, boardrooms and reception areas, leveraging the villa’s prestige to enhance corporate branding and client experiences.

  6. Boutique Shops & Restaurant Venue
    Activate the Ground Floor salons as high-end retail boutiques or concept restaurants, capitalizing on pedestrian traffic and the cultural district backdrop.

  7. Long-Term Value Play
    Implement a phased restoration plan to revive original finishes and maximize asset value; explore adaptive-reuse zoning for mezzanine or rooftop extensions.

  •   Outside space
  •   Private garden
  •   Terrace
  •   Roof terrace
  •   Balcony
  •   Underground parking
  •   Off street parking
  •   Porter/security
  •   Security
  • No Document Found.
  • No Document Found.
  • No Brochure Found.

    Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the nature, condition, or value of the property, the condition of title or Property descriptions

    بند إخلاء المسؤولية : المعلومات المقدمة هنا مخصصة لأغراض إعلامية فقط.، لا يتم تقديم أي تعهد أو ضمان بخصوص دقة أو اكتمال أي معلومات واردة هنا، بما في ذلك، على سبيل المثال لا الحصر، أي معلومات تتعلق بطبيعة العقار، أو حالته، أو قيمته، أو حالة الملكية، أو وصف العقار.


     

    Any documents and/or pictures posted herein or elsewhere on www.belmazad.com, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

     

    أي مستندات و/أو صور منشورة هنا أو في أي مكان آخر على www.belmazad.com (الموقع الإلكتروني) مخصصة لأغراض إعلامية فقط، قد لا تمثل الحالة الحالية للعقار أو حالته في وقت البيع. لا يعتبر نشر الصور هنا أو في أي مكان آخر على الموقع الإلكتروني ضمانا بأن أي عناصر ممثلة في الصور ستكون موجودة عندما يتمكن المشتري من استلام العقار.

     

    You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

    ونوصى بإجراء البحث الخاص بك والتحقيق في جميع الأمور المتعلقة بالعقار. كما نوصى بأن تطلب المشورة المستقلة، بما في ذلك المشورة القانونية، لأداء بحثك الخاص، وأن تستخدم جهود حسنة النية في التحقق من دقة محتوى جميع المعلومات المقدمة لك أو التي تحصل عليها.

     

    مقترح إضافة العبارة التالية 

     The website disclaim any liability for errors, or inaccuracies regarding the properties being sold. Participation in the auction constitutes acceptance of these terms."

    كما أن الموقع يخلى مسؤوليته عن الأخطاء أو عدم الدقة فيما يتعلق بالعقارات التي يتم بيعها. وتعد المشاركة في المزاد بمثابة موافقة  صريحة على هذه الشروط.

     
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📍 Property Details

Property No. 4, Greek Museum Street, the Latin Neighbourhood., Alattarin, Alexandria, Egypt

2400 m² • 48 Rooms • 5 Baths

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Palatial Villa For Sale on Al-Orouba Street

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Property Review

  • Karim Shawky 2024-04-23 11:55:45
    Located behind Sphinx Airport, New Sphinx city. House in mint condition land is very well maintained. Nice weekend house or farm
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EGP 150,000,000

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  • Property: Palazzo Alexandria Across from the Greek Museum
  • Purchase Price: EGP 150,000,000
  • Property Type: Residential
  • Buyer's Commission:: 2.50%
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EGP 86,000,000

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  • Property: Palazzo Alexandria Across from the Greek Museum
  • Current Bid: EGP 165,000,000
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  • Buyer's Commission:: 2.50%
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