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Residential   Ref: GIB33337

Main Street

Gibraltar

£2,800,000

£6,991 per sqm


  • Bed Icon 7 bedrooms
  • Bath Icon 3 bathrooms
  • House Icon 366 m2
  • Fence Icon 69 m2

 

An opportunity to purchase an exceptional large Freehold property, the property offers the opportunity to achieve outline planning permission. This had been obtained previously by its current owners but has since  expired. Equally the property is ideal to remain as a wonderful large family home in the heart of the cities main shopping area, on Gibraltar's bustling Main Street. 

Located in the busy commercial entrance to Main Street, Gibraltar's Main thoroughfare where shop owners have historically traded their wares and continue to do so today. In the classic style of Mediterranean Anglo Italian design, with typical shuttered windows and Georgian proportions, a staple of Gibraltar's typical architecture of the 19th century.  Features within the building include marble floor entrance hallway, large rooms with high ceilings, interconnecting rooms with over door transom windows and some rooms retain their Canadian red pine floorboards. 

The property is currently inhabited by members of the same family and consists of two 3 bedroom apartments with a private roof terrace and is distributed as follows:

 

First floor 3 bedroom apartment with large Dining room, large Kitchen, Bathroom, Generous bedrooms and a private patio. Second & Third floor 3 bedroom duplex apartment, comprises 2 bedrooms on the lower floor complete with Bathroom, Large Kitchen, Large Dining room and Sitting room and 3rd bedroom on the upper level complete with wc, this floor also gives direct access to the roof terrace and large external storeroom.

 

The property lends itself perfectly to be redeveloped into a residential building offering the potential to convert into 7 one bedroom apartments and a generous Studio averaging 45m2 per apartment with the exception of the studio and smallest 1 bedroom apartment. The property would also benefit from the introduction of a lift and communal roof terrace, all of which are detailed on plans which have been granted Outline Planning Permission, these plans also include individual apartment layouts that show possible conversion and additions.

Furthermore the property is being sold with full vacant possession of all residential floors and includes 2 commercial/retail units on street level, each with 9 year leases with 3 yearly rent reviews offering current market rents.

 

Viewing is highly recommended.

 


Property Details by BFA

Residential   Ref: G2587

Town Area

Gibraltar

£2,800,000

£6,991 per sqm


  • Bed Icon 7 bedrooms
  • Bath Icon 3 bathrooms
  • House Icon 366 m2
  • Fence Icon 69 m2

Opportunity to purchase a 435sqm freehold building which had Outline Planning Permission to build one and a half additional floors. The property is ideally located at the entrance to Main Street. Features within the building include marble floor entrance hallway, large rooms, high ceilings and roof terrace.

The residential floors are currently divided into two separate apartments and are occupied by the landlords but will be sold with full vacant posession. 

1ST FLOOR APARTMENT comprises: 3 bedrooms, bathroom, kitchen, living/dining room and private patio.

2ND & 3RD FLOOR DUPLEX APARTMENT comprises : LOWER FLOOR: 2 bedrooms, dining room, kitchen, living room and bathroom. UPPER FLOOR: 3rd bedroom, cloakroom, external store room and direct access to the roof terrace.

The property further affords two commercial premises on the ground floor totalling 93sqm with 9 year term leases and 3 yearly rent reviews. Current total annual income of £57,700.

The property has potential to be re developed into a residential building and converting it into seven 1 bedroom apartments and a 45sqm studio apartmets. It can also remain as a large family home. Viewing is highly recommended.

 

 

 


Property Details by Hills Properties

Residential   Ref: GIR2431

Main Street

Gibraltar

£2,800,000

£5,651 per sqm


  • Bed Icon Studio
  • House Icon 465 m2
  • Fence Icon 61 m2

FREEHOLD BUILDING FOR SALE IN GIBRALTAR. NP Estates are delighted to offer a freehold building on Main Street. The building will be sold with full vacant possession of all residential floors. This exceptionally large building offers an investment opportunity with Outline Planning Permission (to be renewed) or to remain as a spectacular family home in the heart of town. This building has plenty of character throughout. This property features large rooms, high ceilings, interconnecting rooms and some rooms retain the original hard wood floorboards. This property has the potential of being converted to several 1 bedroom apartments and would serve as an excellent investment. This building could also benefit from having a lift installed and a communal roof top terrace, all of which are reflected on plans which have been granted Outline Planning Permission. The plans also include individual apartment layouts with possible conversion and add-ons. The sale includes 2 commercial units currently let and achieving good return. To arrange a private consultation or arrange a viewing, please contact NP Estates!



Property Details by NP Estates

Residential   Ref: COMM286

Main Street

Gibraltar

£2,800,000

£5,600 per sqm


  • Bed Icon Studio
  • House Icon 465 m2
  • Fence Icon 70 m2

Superb freehold property located on the Main Street. Built over two floors and in very good condition. Features within the building include marble floor entrance hallway, large rooms with high ceilings, interconnecting rooms with over door transom windows and some rooms retain original wooden floorboards. A prime and superbly appointed piece of real estate offering an investment opportunity with current Outline Planning Permission to convert the current residential areas into 7 x 1 Bedrooms – 1 studio apt and a communal roof terrace, with the possibility of adding an extra floor and a half.

The upper floors would also provide perfect office suites along with penthouse accommodation, plus terraces overlooking the Main Street.

The property additional also includes two retail outlets on the ground floor offering a good rental yield – both with 9 year leases with 3 yearly rent reviews.

Property is sold with vacant possession on the residential only.

Accommodation:

1st floor: Residential – a 3 bedroom apartment - Total net area 121m2 plus Patio 8.2m2

2nd floor: (level 1) Residential duplex 3 bedroom apartment -Total net area 106.6m2 plus

3rd floor:( level 2 ) Residential Internal 39.3m2 plus Roof terrace 60.7m2 - Total net area: 113.8m2

Commercial net area - 93.9m2

Residential net area - 370.80m2

Floor plans available upon request.

Viewing is highly recommended.


Property Details by BMI Group

Residential   Ref: SS19125

Main Street

Gibraltar

£2,800,000


  • Bed Icon Studio

Freehold Interest to be sold with Two Commercial Shop Leases and Vacant Residental upper floors. The property had been granted with Outline Planning Permission (currently expired) for an additional two levels to include terrace. Ground floor: Commercial 93.9m2, Residential 29.4m2 ,Total net area: 123.3m2. 1st floor: Residential â a 3 bedroom apartment - Total net area 121m2 plus Patio 8.2m2. 2nd floor:(level 1) Residential duplex 3 bedroom apartment -Total net area 106.6m2 plus. 3rd floor:( level 2 ) Residential Internal 39.3m2 plus Roof terrace 60.7m2 - Total net area: 113.8m2 Summary : Commercial net area - 93.9m2 , Residential net area - 370.80m2 Location:The property is located in a most prominent location at the entrance to the Main commercial street of Gibraltar know âMain Streetâ. Main Street is a pedestrianized street and attracts thousands of daily visitors from neighboring Spain and Portugal and is the main retail area.


Property Details by Savills Gibraltar

Residential   Ref: MS0001

Main Street

Gibraltar

£2,800,000

£6,022 per sqm


  • Bed Icon 1 bedroom
  • Bath Icon 1 bathroom
  • House Icon 465 m2

Investment opportunity. Large Freehold building set over three floors in a prime location the heart of Main Street with two retail units on the ground floor bringing in a steady income and two residential floors with a total area size of 465sqm over all three floors. There is outline planning permission in place to further develop the building adding an additional one and a half floors with a total area of 157sqm and communal terrace of 40sqm.

Accommodation Breakdown:

Ground floor:  Commercial 93.9m2 Residential 29.4m2

Total net area: 123.3m2

1st floor:  Residential – a 3 bedroom apartment -  Total net area 121m2 plus Patio 8.2m2

2nd floor:  (level 1) Residential duplex 3 bedroom apartment  -Total net area 106.6m2 

3rd floor:(  level 2 ) Residential Internal 39.3m2  plus  Roof terrace 60.7m2 - Total net area: 113.8m2

Please contact our offices on +350 20077789 for further details including floorplans and proposed plans.





Property Details by Solomon Levy Estate Agents

Residential   Ref: MH2101

Main Street

Gibraltar

£2,800,000

£7,568 per sqm


  • Bed Icon Studio
  • House Icon 370 m2

Rarely available - Main street freehold property to be sold with two Commercial Shop Leases and Vacant Residential upper floors. The property has just been granted Outline Planning Permission for an additional two levels to include terrace. Summary- Currently Commercial net area - 93.9m2 Residential net area - 370.80m2 *Note residential areas could have potential change of use into offices Outline plans for additional floors and conversion into seven 1 x bedrooms/studios

Property Details by Mulberry Real Estate

Residential   Ref: 4762529

Main Street

Gibraltar

£2,800,000


  • Bed Icon Studio

Freehold for sale in Main Street

FREEHOLD BUILDING
Property located in a most prominent location at the entrance to the Main commercial street of Gibraltar.
Two Commercial shops on the ground floor and vacant residential on the upper floors.
Contact us for further information

PROPERTY FEATURES

- Commercial and residential freehold
- Main street location
- Planning permission to extent


Property Details by Richardsons Properties

Select an agent to see property details:

£2,800,000

£6,991 per sqm

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About Main Street

Main Street is the pulsating artery of Gibraltar. Stretching from Casemates Square to Southport Gate, With internationally known stores, local specialist shops and bars and restaurants, Main Street is unique and constantly changing.


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MARKETED BY

  • BFA BFA
  • Hills Properties Hills Properties
  • NP Estates NP Estates
  • BMI Group BMI Group
  • Savills Gibraltar Savills Gibraltar
  • Solomon Levy Estate Agents Solomon Levy Estate Agents
  • Mulberry Real Estate Mulberry Real Estate
  • Richardsons Properties Richardsons Properties

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Stats Icon Market Stats

Average price for sale in Main Street: £715,051

With 2 beds: £372,366

With 3 beds: £448,889

View other properties in Main Street


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