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House
£850,000
£2,833 per sq m
Town Area
14 bed | 1 bath
Ref: 19660385
Int sq m: 300 sqmBrochure Add to
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14 bed house in Town Area
£850,000
About the Property
Chestertons is pleased to offer for sale this freehold building located in Town Area, Gibraltar. This remarkable building is located in the vibrant heart of town and presents an exceptional investment opportunity. Comprising a total of 14 studio apartments, this property is ideal for those looking to expand their portfolio in a prime location. With the studios distributed across the building, there is ample accommodation to cater to a variety of tenants, with 300 sq m of internal space and 120 sq m external. In addition to the residential units, the property boasts two storerooms, offering valuable storage space that can be utilised for various purposes. Notably, 12 of the apartments are currently rent-controlled and tenanted, providing immediate rental income and a steady cash flow for the discerning investor. This property is not just a building, it is a strategic investment in a sought-after area, making it a rare find in today’s market. With its prime location and potential for growth, this building is a fantastic opportunity for those looking to make a sound investment in the property market. Don’t miss your chance to acquire this unique asset in a thriving community.
Additional information
Internal 300 sq m
Plot size 420 sq m
Service charges N/A
Rates £1,292 pa
Features
- Sought-after area
- Freehold building
- In the heart of town
- Plot totalling 420 sqm
- Investment opportunity
- 14 residential apartments and 2 stores
About the location
Gibraltar is a welcome home from home for any UK epxat or traveller and a “little slice of England” for anyone coming from further afield. It offers UK high-street shops as well as smaller boutiques, perfumeries, IT and gadget shops and a range of delights for any keen shopper. For anyone wanting more than shops, the Gibraltar Museum is a treat – filled to the brim with artefacts, models, displays and even the odd Mummie or two! There’s also plenty to keep you entertained including a rock boulder park, two cinemas screens, ten pin bowling lanes, an amusement arcade, restaurants and bars and a gym all housed in King’s Bastion Leisure Centre, a lovingly restored military fortress that was once used to defend Gibraltar against invading forces during the 18th century. For worship, tranquillity or reflectiveness, visit Kings Chapel, St Andrews Church, Holy Trinity Cathedral, The Great Synagogue and the Flemish Synagogue or Catholic Cathedral of St Mary the Crowned.
Area Guide
