Specifications
| Bedrooms | 7 |
| Bathrooms | 5 |
| Floor Size | 535 m2 |
Property description
New to the market! BFA Estate Agents, are pleased to offer an exceptional Freehold property for sale on the open market with prime retail outlet with full vacant possession on Main Street. Located in the centre of Gibraltar's main thoroughfare, this colonial style building reminiscent of early 20th century construction, is being sold with vacant possession. It offers generous communal areas central to internal light-wells, a large commercial unit on Main Street, complete with offices and WC, a large storage area on the first floor which can be independently accessed via Turnbull s Lane, and which can be converted into other use such as apartments, and over the second and third floor, there are 4 residential apartments and communal roof terrace. The properties internal distribution is as follows: Ground Floor - Main Street Retail & Offices 157 m2 i.e. 1,669.9 ft2 First Floor - Stores / Commercial Ground Level Turnbull s Lane 155 m2 i.e. 1,668.4 ft2 Second Floor - Apartments. (First Floor from Turnbull s Lane) One Bedroom Apartment facing Main Street 40 m2 i.e. 430.6 ft2 2/3 Bedroom Split Level Apartment facing Turnbull's Lane 80 m2 i.e. 861.1 ft2 Lightwell 18m2 i.e. 193.7 ft2 Circulation Areas 14.5m2 i.e. 156.0 ft2 Third Floor - Apartments. (First Floor from Turnbull s Lane) One Bedroom Apartment facing Main Street 37 m2 i.e. 398.2 ft2 One Bedroom Apartment facing Inner Light-well 31 m2 i.e. 333.7 ft2 Circulation Areas 14.5 m2 i.e. 156.0 ft2 Roof Terrace including Circulation Areas Roof Terrace 41.5 m2 i.e. 376.7 ft2 Total Area 588.5 m2 i.e. 6,716.7 ft2 The ideal purchase for a developer looking to regenerate a colonial property in the heart of town, with potential to include 1 to 2 further storeys whilst seeking planning permission. Reserved Price 2.7 Million. Offers invited in excess of reserve price. Rates Payable: Shop on 29 Main Street & First Floor Stores with access via 27/29 Turnbulls Lane: Shop 29 - 2,841.62 per quarter before discount 1st floor Stores 1&2 - 587.85 per quarter before discount 31 Turnbull s Lane Second & Third Floor Apartments: Flat 3 - 34.05 per quarter before discount (10% discount eligible on early payment) Flat 4 - 67.20 per quarter before discount (10% discount eligible on early payment) Flat 5 - 54.90 per quarter before discount (10% discount eligible on early payment) Flat 6 - 27.00 per quarter before discount (10% discount eligible on early payment) Viewing is highly recommended.
New to the market! BFA Estate Agents, are pleased to offer an exceptional Freehold property for sale on the open market with prime retail outlet with full vacant possession on Main Street. Located in the centre of Gibraltar's main thoroughfare, this colonial style building reminiscent of early 20th century construction, is being sold with vacant possession. It offers generous communal areas central to internal light-wells, a large commercial unit on Main Street, complete with offices and WC, a large storage area on the first floor which can be independently accessed via Turnbull s Lane, and which can be converted into other use such as apartments, and over the second and third floor, there are 4 residential apartments and communal roof terrace. The properties internal distribution is as follows: Ground Floor - Main Street Retail & Offices 157 m2 i.e. 1,669.9 ft2 First Floor - Stores / Commercial Ground Level Turnbull s Lane 155 m2 i.e. 1,668.4 ft2 Second Floor - Apartments. (First Floor from Turnbull s Lane) One Bedroom Apartment facing Main Street 40 m2 i.e. 430.6 ft2 2/3 Bedroom Split Level Apartment facing Turnbull's Lane 80 m2 i.e. 861.1 ft2 Lightwell 18m2 i.e. 193.7 ft2 Circulation Areas 14.5m2 i.e. 156.0 ft2 Third Floor - Apartments. (First Floor from Turnbull s Lane) One Bedroom Apartment facing Main Street 37 m2 i.e. 398.2 ft2 One Bedroom Apartment facing Inner Light-well 31 m2 i.e. 333.7 ft2 Circulation Areas 14.5 m2 i.e. 156.0 ft2 Roof Terrace including Circulation Areas Roof Terrace 41.5 m2 i.e. 376.7 ft2 Total Area 588.5 m2 i.e. 6,716.7 ft2 The ideal purchase for a developer looking to regenerate a colonial property in the heart of town, with potential to include 1 to 2 further storeys whilst seeking planning permission. Reserved Price 2.7 Million. Offers invited in excess of reserve price. Rates Payable: Shop on 29 Main Street & First Floor Stores with access via 27/29 Turnbulls Lane: Shop 29 - 2,841.62 per quarter before discount 1st floor Stores 1&2 - 587.85 per quarter before discount 31 Turnbull s Lane Second & Third Floor Apartments: Flat 3 - 34.05 per quarter before discount (10% discount eligible on early payment) Flat 4 - 67.20 per quarter before discount (10% discount eligible on early payment) Flat 5 - 54.90 per quarter before discount (10% discount eligible on early payment) Flat 6 - 27.00 per quarter before discount (10% discount eligible on early payment) Viewing is highly recommended.
Read More
#27718
