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Town Area

Ref: CO482

£2,900,000

At a Glance

  • Ideal location
  • Excellent potential
  • In need of refurbishment
  • Freehold
  • Rare opportunity
  • Colonial features
  • Planning permission
  • Site footprint of 335sqm

Specifications

  • Interior Size: 670m2

Outgoings

  • Service charges: N/A
  • Rates: TBC

Description

Welcome to Calpe Lodge, an early eighteenth-century Freehold building brimming with original colonial features. Calpe Lodge is located in the heart of the Town at 29, 31 & 33 Governor's Parade, has a footprint of 334sqm and an existing built-up area of approximately 700sqm.

A stone's throw away from South Central Main Street (with an abundance of retail shops, cafeterias & restaurants) and within walking distance to other landmarks in Gibraltar such as the emblematic Garrison Library and The Elliot Hotel.

Calpe Lodge benefits from full planning permission for a Commercial & Residential Scheme offering the potential to increase the building to approximately 1,430sqm which would include the addition of two floors with a new roof top terrace with its own swimming pool and gymnasium. The Residential Part comprises 23 Apartments involving a mixture of Studio Apartments as well as 1 and 2 Bedroom Apartments.

The Scheme includes the option to create a large basement area which has been designated to be used for storage units accessed via No: 29 Governor’s Parade with lift to lower floor where bicycles can be stored.

The entrance level at ground floor leads to a cafeteria / bar with kitchen and toilet facilities. The ground floor also offers a commercial unit at No: 33 Governor’s Parade.

In addition, the property has full planning permission for a potential 61-room hotel scheme when combined with a second freehold property named Albany House at an adjoining plot of land which has a 189sqm footprint and would interconnect with Calpe Lodge via its easterly boundary wall. Albany House also has its own separate Commercial & Residential Scheme and will be available soon.

A gem in the heart of the Old Town of Gibraltar that deserves to be saved and restored. An exceptional opportunity! Don't miss out and book your viewing now.

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