Upper Town



Price per sqm £2,600.00
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Upper Town




Don’t miss this perfect chance to acquire a freehold building in the upper town area, offering approximately 1000m2 internally and housing 16 apartments. Enjoying a west aspect with stunning views of the Bay, Spain and Africa, this property also comes with granted planning permission for additional development opportunities.

The site sits at the intersection of Fraser’s Ramp to the south and Shakery’s Passage to the west, adjacent to Prince Edward’s Road. Surrounded by residential buildings of varying heights, including The Arches to the east, it stands out due to its unique features. The main facade faces west, opening onto a private walled patio leading to four basement studios and a mix of other apartments. Access to the Ground Floor is from the east via Fraser’s Ramp, while the upper floors are reached through a communal stair at the north and a timber cantilevered corridor along the west facade. The Second Floor exhibits newer construction including a newly cladded corridor and newly fitted windows. The building requires extensive repairs, particularly on the lower floors. An underground cistern, approximately the same size as the main building, requires assessment.

In the patio, there exists an iron water pump which, if retained, would serve as an ideal feature.

To schedule a viewing, please don’t hesitate to contact us.

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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.

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Property Stats

Average BMI Property Sales Prices for Upper Town

Average Price


£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


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