1 bedroom Development property in Upper Town
New on the market. We are pleased to offer a fantastic apartment within walking distance to Gibraltar's bustling Main Street, set in the historic upper town in an iconic arched building circa 1905. The old police barracks aptly renamed The arches will form part of Gibraltar's regeneration Scheme. Existing buildings will be preserved and regenerated to a very high standard. Features such as the 2.80m high ceilings will be retained, whilst interiors will be fitted to a high standard offering modern living spaces. Further boasting communal outdoor green areas the complex is sure to be the first of its kind setting the bar for future regeneration projects undoubtedly making the upper town the place to be. This one bedroom one bathroom corner apartment offers fantastic semi open plan kitchen living room giving way to a west facing 3.5m2 terrace flanked by 2 original arches framing views over the roof tops and partial views of the bay of Gibraltar. Fitted to a high standard the apartment comes complete with AC 4 rated laminate flooring, Schuco double glazed windows, fitted wardrobes, Porcelanosa fully fitted bathroom complete with sanitaryware, fully fitted kitchen inclusive of all appliances and stone worktops and reverse air-conditioning. Being sold on the open market with no residency restrictions makes it a perfect purchase for first time buyers or as a buy to let for the discerning investor. Estimated date of completion October 2017. This flat has an excellent distribution with a large balcony and a view of the sea from one part of the balcony. On-site parking is available for rent or sale by separate negotiation. The potential for gross rental yield on this apartment is 7.54%, therefore making it an ideal investment opportunity. Please contact us regarding the payment plan.