Ref: SP0809

Studio

Residential

Studio

1 bath

TBC

m²

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Studio for Sale, Town Area, Gibraltar

This refurbished studio is perfect to start or add to your short term rental portfolio with a current occupancy rate of about 80%. Or maybe you are a first time buyer looking to get on the property ladder with a small budget, then this is the place for you as it is sure to increase in value as the neighbourhood has just started it’s gentrification process.

Location

Town Area, Gibraltar

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Details

Sale:

£185,000

Status:

Available

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Studio

1 Bathroom

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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