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Ref: SP0812
Freehold property
Residential
TBC
m2
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Freehold property for Sale, Town Area, Gibraltar

Investing in property for passive rental income is a strategy as old as currency itself and deciding which is the best investment to buy can be frustrating. At Seekers we pride ourselves at matching profitable properties with knowledgeable and ambitious investors. Let us help you start making your money work for you today. This turnkey property has recently undergone a massive refurbishment and now has 12 modern studios and 2 retail units at street level. All the units are rented on a long term basis at above market rates.

Location
Town Area, Gibraltar
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Details
Sale:
£3,800,000
Status:
Available
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turnkey investment
great return percentage
centre of town
rental rates above market
freehold property
fully refurbished
no vacant units
immediate return
Photos
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.

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