PG11571 - Commercial Building - Upper Town

View Photo
View Photo
View Photo
View Photo
View Photo
View Photo
View Photo
View Photo

Commercial | Ref: COMM518

Upper Town

£2,195,000

£2,195 per sqm

1000 m²

Tenure:: Leasehold

Don’t miss this perfect chance to acquire a freehold building in the upper town area, offering approximately 1000m2 internally and housing 16 apartments. Enjoying a west aspect with stunning views of the Bay, Spain and Africa, this property also comes with granted planning permission for additional development opportunities.

The site sits at the intersection of Fraser’s Ramp to the south and Shakery’s Passage to the west, adjacent to Prince Edward’s Road. Surrounded by residential buildings of varying heights, including The Arches to the east, it stands out due to its unique features. The main facade faces west, opening onto a private walled patio leading to four basement studios and a mix of other apartments. Access to the Ground Floor is from the east via Fraser’s Ramp, while the upper floors are reached through a communal stair at the north and a timber cantilevered corridor along the west facade. The Second Floor exhibits newer construction including a newly cladded corridor and newly fitted windows. The building requires extensive repairs, particularly on the lower floors. An underground cistern, approximately the same size as the main building, requires assessment.

In the patio, there exists an iron water pump which, if retained, would serve as an ideal feature.

To schedule a viewing, please don’t hesitate to contact us.

We’re here to assist you.

£2,195,000

£2,195 per sqm

About Upper Town

The old town of Gibraltar is based on the West side of the Rock, and is now referred to as Upper Town. Whilst it is not far from the City Centre, there are a lot of steep hills, and parking is at a premium.

View area details