COMM531

Town

Commercial Unit

£2,300 pcm

Zoom Icon

View More Images

COMM531

Town

Commercial Unit

£2,300 pcm

Premium price: £250,000


ABOUT THIS PROPERTY

Introducing a rare leasing opportunity for a prime unit in the heart of Casemates Square. Situated at the most popular point in the area, previously home to the iconic Salsafuego nightclub.

This is an excellent opportunity to secure a versatile, well-equipped, and strategically located unit in a soon-to-be revitalized area. Don’t miss out on positioning your business at a prime location poised for increased foot traffic and visibility.

Key Highlights:

Strategic Location: Casemates Square is set to undergo significant renovations in the coming months, alongside the Landport project. Additionally, a major tourist attraction will soon open at the North Defences, connecting directly through Casemates just outside the unit.

Unit Features:

  • Size: 173 m²
  • Lease: 21-year lease concurrence from the government
  • Licenses: Leisure license included
  • Fully Equipped: The unit comes fully fitted with toilets, air conditioning, fire safety, alarm system, and all necessary licenses. It is ready for use as a hair salon, and its open plan makes it adaptable for any use you envision. A kitchen extractor ducts is also installed.
  • Additional Spaces: The unit includes 2 stores in Casemates Square, with all fixtures and fittings included.

Financials:

  • Key Money for Full 173 m²: £250,000 ONO, covering the lease and all fixtures and fittings.
  • New LPS Rent: £2,300 per month
  • New Rates: £1,040 per month (negotiable)
  • Multi-Business Operations (Flexible Options):
  • For 50% of the unit—converted into Unit A or Unit B (approx. 80 m² each): £125,000 premium.
  • Rent for 80 m² Unit: £1,150 per month
  • Rates for 80 m² Unit: £520 per month

Flexible Options:

  • Division Possibility: The unit can be divided into two approximately 80 m² units, each with entry points and windows on both sides. These spaces can be easily converted into office spaces, commercial areas, storage facilities, etc.
  • Discounted Rent for Flexible Hours: A rent review with an approximate 25% discount is available if your business operates during off-peak hours, such as specific time frames or late-night shifts.

This is a rare opportunity to establish your presence in one of the most prominent areas in Gibraltar. Contact us now to discuss how this unit can meet your business needs.

Areas m2
Interior Size:
173m2
Exterior Size:
N/A
Amenities
Furnishing:
Unfurnished
Terms and Lease
Ownership:
Leasehold
Rates:
£200 Per Month

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

Register your Interest

Stamp Duty Calculator

Property Stats

Average BMI Property Sales Prices for Town

Average Price

Year

£2,750,000.00 2024
£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