TOW293

Town

Building

£2,950,000

Price per sqm £3,371.43
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TOW293

Town

Building

£2,950,000


ABOUT THIS PROPERTY

PROPERTY DEVELOPMENT - With Full Planning!

A unique opportunity to purchase a corner plot freehold building in the heart of town with Full Planning.

The property is sold with vacant possession and enjoys full planning to create 3 to 4 luxury  (3 - 5 bedroom) apartments of between 140sqm to 250sqm with private or communal roof top terrace and pool area.

In addition the building will provide a ground floor unit with outside area (on Governors Parade) ideal for a Bistro / Rest or office unit. There is also a lower ground floor unit currently let.

This really is a fabulous property for anyone looking to develop and create a small Town Centre development of luxury apartments with commercial units.

For more information, please contact our offices and speak directly to Louis Montegriffo.

N.B: Note that all images provided are computer generated and are part of the approved planning approval. 

Areas m2
Interior Size:
800m2
Exterior Size:
150m2
Amenities
Furnishing:
Unfurnished
Terms and Lease
Ownership:
Leasehold

About Town

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

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Property Stats

Average BMI Property Sales Prices for Town

Average Price

Year

£793,000.00 2023
£1,603,000.00 2022
£549,166.67 2021
£182,000.00 2020
£941,250.00 2019
£315,000.00 2018
£46,700.00 2017
£1,050,000.00 2015
£167,500.00 2012
£75,000.00 2004
£265,000.00 2003
£149,650.00 2002

For full property stats visit our market update

Disclaimer:

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.


Unit 7 Portland House, Glacis Road, Gibraltar

+350 20051010

info@bmigroup.gi