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. • 246sqm internal area • First floor • New development ’269’ built above • 999 year leasehold • High returns • Reference L791992 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.

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Town Area Info

TOWN AREA

Town Area is home to most of Gibraltar’s retail establishments. Main Street, running through the pedestrianised old town from Casemates Square all the way up to Southport Gates, almost covers the entire length of the city, its buildings exhibiting a blend of Andalusian, Moorish, Portuguese, Genoese, and British architecture. Alongside the more traditional shops, mostly lined on the ground floor, visitors will recognise familiar high street brands and chains, intertwined with souvenir and handicraft shops. The upper floors generally provide residential accommodation or office space for local businesses. Dating back to the 18th Century, merchants, traders and shopkeepers established their businesses in Gibraltar, many of which are still run by the direct descendants of the families that instituted them. Gibraltar’s geographic location was nothing short of perfect for merchants back then to port and trade their goods. Casemates Square, as with much of Gibraltar, is open to and represented by many different ethnic peoples. Situated right at the bottom of Main Street, it has a wide range of restaurants, cafes and bars, in which you can order a drink, get comfy, and “people watch” until your heart’s content. Casemates, is the largest of the two main squares located in the city centre of Gibraltar, and is used for special events throughout the year, hosting various shows, festivals and nightlife.

Attractions

Hotels

Restaurants

Town Area