UPP081

Upper Town

5 beds | 3 baths

£1,195,000

Price per sqm £7,331.29
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UPP081

Upper Town

5 beds | 3 baths

£1,195,000


ABOUT THIS PROPERTY

Exceptional Investment Opportunity – Fully Renovated Three-Storey Building

Discover this beautifully refurbished three-storey property offering approx. 123m² of stylish internal living space plus an additional 80m² of private patio areas, ideally positioned in the sought-after Upper Town. Enjoy breathtaking, uninterrupted views over the town and across the Bay, with convenient flat access from Bastion Road.

Property Layout:

  • First Floor: Elegant one-bedroom, one-bathroom apartment finished in a modern contemporary style. Features include a fully fitted kitchen, open-plan living space, and access to a private patio and terrace.
  • Second Floor: Spacious two-bedroom, one-bathroom apartment, also fully fitted and styled to a high standard, complemented by an outdoor patio area.
  • Third Floor: Spacious two-bedroom, one bathroom apartment, also fully fitted and styled to a high standard, complemented with access to a private roof terrace of approximately 40m2.
  • Ground Floor: Practical storeroom, perfect for additional storage or utility use. Can be used for commercial purpose.
  • Investment Highlights:
  • Fully renovated throughout to a contemporary specification
  • Currently arranged as three independent rental units, all tenanted with income in place
  • Strong buy-to-let potential in a high-demand location
  • Stunning Bay and town views enhancing long-term capital appreciation
  • This property represents an excellent opportunity for investors seeking a ready-made income-generating asset in one of the Upper Town’s most desirable settings.

    Early viewing is highly recommended.

    Areas m2
    Interior Size:
    123m2
    Exterior Size:
    80m2
    Amenities
    Furnishing:
    Partly Furnished
    Terms and Lease
    Ownership:
    Leasehold 145 years

    About Upper Town

    The historical residential quarter of Gibraltar, with land marks such as the Garrison Library, Moorish Castle and Sacred Heart Church.

    This area is primarily residential with few retail outlets and is densely populated with older buildings dating back 100 plus years and accessed via typically narrow streets. It is reminiscent of old European cities – a melting pot of Gibraltar’s deep historical architectural influences of Moorish, Spanish, Italian and English culture.

    As Gibraltar’s economy grows, so too does the capacity to improve, modernise and refurbish this stunning area. Recently, developers have taken an interest in what was a decaying part of town; we are now enjoying the refurbishment of the Old Police Barracks into “loft” style apartments, and other small similar style conversions.

    Register your Interest

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    Property Stats

    Average BMI Property Sales Prices for Upper Town

    Average Price

    Year

    £1,470,000.00 2025
    £440,000.00 2024
    £610,000.00 2022
    £326,250.00 2021
    £559,000.00 2020
    £512,250.00 2019
    £192,000.00 2018
    £235,000.00 2017
    £502,500.00 2016
    £90,000.00 2007
    £210,000.00 2005

    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