£1,650,000

Block of flats for sale

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Offers in region of

£1,650,000

(£341/sq. ft)

Block of flats for sale

Gib:33554, Governors Street, Gibraltar

4,844 sq. ft

Features and description

  • Terrace
  • Roof terrace
  • Wheelchair accessible
Freehold property for sale!
A rare opportunity to purchase an early nineteenth century freehold building in the town area. Located within Gibraltars well known Governors street.
This 450m2 property consists of 2 adjoining buildings one of which has direct street access, whilst the other sits, sets back from the road in a communal style tenement building, colloquially known as a "patio de vecinos".
The property is currently divided into 10-, 1- & 2-bedroom apartments, including 2 large storerooms, a separate first floor office suite, as well as a communal roof terrace and a duplex 3-bedroom apartment with access to a private 22m2 roof terrace.
A desirable product which would benefit from redevelopment (subject to planning application) to include the addition of several more floors to create an ideal buy to let portfolio.

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