Ref: L791992

Building

Residential

6 bed

4 bath

246

m² int.

m² ext.

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6 Bedroom Building for Sale, Main Street, Gibraltar

Century 21 are pleased to offer this excellent investment opportunity. Located on the 1st floor of "269 Main Street" measuring 246 square meters. Part of a brand new development in a prime location. Currently the property is unfurnished and is divided into eight rooms by plasterboard walls. Structurally perfect with the new development built above.

The current resale price for apartments in this development is between £8,000 and £8,800 per square meter. (This property is currently being sold at £4,800 per square meter) Making this ideal for investors looking for strong yields and high returns. 999 year leasehold, this property as good as a freehold.

The building was last used as offices and was previously a nightclub. The building can be developed either as apartments, offices or storage rooms, subject to Planning Permission.

An ideal opportunity for someone seeking to complete the refurbishment then either rent them out or put them for resale.

For further information or to arrange a viewing, please contact our Sales team .

Location

Main Street, Town Area, Gibraltar

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Details

Sale:

£1,200,000

£4,878

per m²

Status:

Available

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6 Bedroom

4 Bathroom

246m² int.

0m² ext.

Photos

Studio For Rent - £1,100 Pcm

RENTAL OFFER!

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EASTSIDE

The Eastside of Gibraltar feels like a retreat from the city type way of life. No doubt during the summer months, you will want to cool off at one of the fabulous beaches that Gibraltar offers. Starting with Eastern Beach, the biggest beach of Gibraltar, a fantastic location where you can sit back in awe as you view the magnificent north face of the Rock that overshadows anything in sight. The sheer height and weightiness of the cliff is nothing short of breath-taking. A short walk down, you will find Catalan Bay, a very popular and extremely picturesque beach and village. Catalan Bay has an incredible history dating as far back as the 1600s. The brightness, the colours, the smell of seafood, the smiles and festive appeal, honestly make you feel like you are in another world of its own! Continuing to walk in a southerly direction from Catalan Bay along Sir Herbert Miles Road, or taking the bus to Both Worlds housing complex, you will arrive at the magnificent Sandy Bay Beach. This amazingly picturesque man made beach is the southernmost of the three beaches which line the Eastern side of the Rock, hugged by the Mediterranean coast of Gibraltar. There are definite plans secured for luxurious residences, a huge underground winery and other amazing projects in the pipeline. Investing along the Eastside of Gibraltar has never been more secure.

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