Vendors | Landlords | Tenants - account login

Home / News / Gibraltar Property News

Commercial space at West One now available

Thursday, 29th September 2016

Commercial space at West One now available Image

Located at the southern end of the existing Eurotowers development, the new and modern twelve storey tower will comprise numerous apartments and commercial units. The high quality and stylish development is situated right in the heart of Gibraltar’s business district and is just a stone’s throw from many local amenities such as restaurants, shops, supermarkets and schools. Combining both the advantages of affordable city living with a central location, West One has been designed to incorporate all the essential lifestyle features today’s executives demand making it the ideal location to work, rest and play.

West One has also been designed to be a highly energy efficient building, benefitting from low energy lighting with recessed LED light fittings, helping to reduce the carbon footprint of the development. The construction of West One began in January 2016 and it is expected that it will be completed by January 2018.

The commercial units are now available for pre-letting. It is envisaged that the ground floor units will encompass retail and restaurants whilst the first floor will be attractive to office tenants. The units are supplied shell and core on the basis of a 9 year lease with 3 yearly rent reviews. With Eurocity having gained planning consent adjacent to the site, a development of 364 apartments and ground floor amenity space, these units have tremendous potential to be at the heart of a very modern business and residential area.

 

Rent: £340 per sq m pa

Rates: TBC

Service Charge: £30 per sq m pa (estimate)

 

Units delivered shell and core

Terrace pricing at two thirds of internal

 

Ground Floor

Unit G.1.A           West 51 sq m plus 37.1 sq m terrace

Unit G.1.B           West 50.5 sq m plus 37.4 sq m terrace

Unit G.1.C           West 51 sq m plus 91.5 sq m terrace

Unit G.2.A           East 51 sq m potential use of shared terrace – 145 sq m

Unit G.2.B           East 50.5 sq m potential use of shared terrace – 145 sq m

Unit G.2.C           East 51 sq m potential use of shared terrace – 145 sq m 

 

First Floor

Unit 1.1.A            West      52 sq m

Unit 1.1.B            West      46 sq m

Unit 1.1.C            West      58 sq m

Unit 1.2.A            East       52 sq m

Unit 1.2.B            East       46 sq m

Unit 1.2.C            East       58 sq m

 

W1 Commercial

 

w1 first floor commercial

All enquires - Chestertons Gibraltar as sole agent.

200 40041

Contributed by Mike Nicholls