TOW259 - 8 beds | 4 baths - Category 2 - Available
Price per sqm £3,267.63
Constructed in the mid 1700’s, the subject property is a Heritage protected, Colonial 8 bedroom detached house with a separate guest house and 3 garages.
The house has a total estimated gross internal floor area of 527.5 m2 with an additional 158.8 m2 contained in the guest house and garages. This Freehold property is situated on a private plot of land measuring approximately 1,174.5 m2 which includes side and rear courtyards and is located just off the heart of Main Street with east access to Commonwealth Park and Queensway Quay Marina. There is an additional out House with three separate garages.
The property is in need of substantial works throughout, but is truly an exceptional Colonial gem in the heart of Gibraltar with fabulous heritage value. It will appeal to a large family looking for land area, space and heritage value, but importantly it will be a project. There are various studies on the property by local architects and we are able to supply further information in this respect.
Additionally, there is potential development value to this site and on the basis of maintaining the integrity of the building and in consultation with town planners and Heritage, we think there is an opportunity to convert into a number of high end exclusive dwellings.
A unique opportunity.
The heart of Gibraltar, stretching North to South from Casemates to The Referendum Gates and East to West from Irish Town to Town Range.
The retail centre of Gibraltar including Main Street, Casemates and Irish Town comprising mainly of older Freehold properties and enjoying high street brands such as Marks & Spencer, Holland & Barrett, Mango, Tommy Hilfiger and others.
The area comprises of several residential developments such as Gibraltar Heights, Cornwall’s Centre,Trafalgar House and the new and exclusive Midtown Development affording luxury residential, retail
Terms and Lease
Average BMI Property Sales Prices for Town 8 beds Building
These sale prices are for information purposes only and may not be relied upon as a valuation or any other purpose. BMI shall not be responsible for any losses or damages caused by or in connection with the reliance or use of the figures or market information set out on our website.
NB. Whereas we have endeavoured to maintain accuracy with all the information provided, we would point out that certain average prices listed, may be somewhat weighted given the various types of particular bedroom / property types in various developments. The information is therefore provided for guidance purposes only. For further detailed information, we would kindly ask that you contact our office.