Gibraltar

Town Area


REF: PWC322

£2,900,000
Type:
Building
Ownership:
Freehold
Interior:
670 m2
Condition:
Needs refurbishment

“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 which 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.”

Town Area

The Main Street and ancillary side streets, public squares and large stretches of the defensive city walls have all been subject to comprehensive refurbishment and upgrading programmes since the 1990s, many have been completed with some on going and others in the pipeline.

There are many local amenities in the Town Centre, which include local convenience stores, restaurants, English pubs and the main high street retail-shopping district on Main Street.


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