This property is not currently available. It may be sold or temporarily removed from the market.
For Sale

Great Investment Opportunity in Main Street Gibraltar

£1,200,000
  • Availability: For Sale
  • Bedrooms: 6
  • Bathrooms: 4
  • Reception Rooms: 1
  • Tenure: Leasehold
  • 3 Year Residency: No
  • CAT 2: No
  • HEPPS: No
  • Description: Development opportunity on the 1st floor of "269 Main Street"
  • Internal M2: 246
  • PROPERTY REFERENCE: L791992
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Property Features

  • Fireplace
  • Town View

Property Summary

Development opportunity on the 1st floor of "269 Main Street"

Full Details

Century 21 are pleased to offer this excellent investment opportunity. Located on the 1st floor of "269 Main Street" measuring 246 square meters. Part of a brand new development in a prime location. Currently the property is unfurnished and is divided into eight rooms by plasterboard walls. Structurally perfect with the new development built above.

The current resale price for apartments in this development is between £8,000 and £8,800 per square meter. (This property is currently being sold at £4,800 per square meter) Making this ideal for investors looking for strong yields and high returns. 999 year leasehold, this property as good as a freehold.

The building was last used as offices and was previously a nightclub. The building can be developed either as apartments, offices or storage rooms, subject to Planning Permission.

An ideal opportunity for someone seeking to complete the refurbishment then either rent them out or put them for resale.

• 246sqm internal area

• First floor

• New development '269' built above

• 999 year leasehold

• High returns

 

• Reference L791992

For further information or to arrange a viewing, please contact our Sales team on: +350 200 51020 or via email: info@century21gibraltar.com.