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Other commercial
For Sale £2,395,000
Town Area
Ref: 19824873
Int sq m: 370 sqmBrochure Add to
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Other commercial for sale in Town Area
For Sale £2,395,000
About the Property
Chestertons is pleased to offer for sale this mixed-use freehold investment property in the heart of Main Street, Gibraltar.
This exceptional property presents a remarkable investment opportunity. Recently redeveloped in 2024/25, the entire building boasts a modern and appealing design, making it a prime choice for both residential and commercial tenants.
The property features five fully furnished 1 bedroom and 2 bedroom apartments, each designed to provide comfort and style, ensuring a high standard of living for residents. These apartments are ideal for attracting long-term tenants or short-term rentals, contributing to a steady income stream. Additionally, the building includes three commercial units, perfect for businesses looking to establish themselves in a bustling area with high foot traffic.
With its attractive yield, this income-generating investment is not only a sound financial decision but also a chance to be part of a vibrant community. The prime location on Main Street ensures that both residents and businesses benefit from excellent visibility and accessibility, making it a desirable spot for potential tenants.
This property is a rare find, combining modern living spaces with commercial potential in a sought-after area. Whether you are an investor seeking to expand your portfolio or a business owner looking for a strategic location, this property offers a unique opportunity to thrive in a dynamic environment. Don't miss the chance to secure this outstanding investment in the heart of the town.
Features
- 3 commercial units
- Town centre freehold
- Redeveloped in 2024/2025
- 5 fully furnished apartments
- £134,400 pa producing 5.6% return
- Total area of approximately 370 sq m
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.
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