Upper Town

UPP081 - 3 beds | 2 baths - Available

£495,000

Price per sqm £4,304.35

Description

Great Investment opportunity! Fully renovated  three- storey building of approx. 105m2 internal and approx. 20m2 of patio area located in the upper town area offering uninterrupted views across the town area and the Bay.

Comprises as following:

1st Floor - One- bedroom one-bathroom apartment fully fitted and equipped to a contemporary style with outside patio area and terrace. Currently let offering a yield of approximately 5.5%

2nd floor - Two- bedroom one-bathroom apartment fully fitted and equipped to a contemporary style with outside patio area. Currently let offering a yield of approximately 5.5%

Option to purchase a ground floor storeroom at a further premium of £30,000

Ideal buy to let Investment!

Viewing is highly recommended.

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.

CHARGES

Rates: £87.9 Per Quarter

AREAS m2

Interior Size: 105m2
Exterior Size: 20m2

AMENITIES

Furnishing:
Partly Furnished

FEATURES

  • Double glazing
  • West view
  • Patio
  • Terrace
  • Aluminium Genoese Shutters

Terms and Lease

Ownership:
Leasehold 150 years

Average BMI Property Sales Prices for Upper Town 3 beds Building

Average Price

Year

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.

Stamp Duty Calculator

Stamp Duty on Assignment / Conveyance:

 


Stamp Duty on Mortgage:

 


Total:

Register Your Interest

Share this Property with your friends:

Share on Facebook Icon      Share on Twitter Icon      Share on Twitter Icon
Register Interest