Block of flats for sale in Calpe Lodge Development, Governors Street, Gibraltar

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 334 sqm 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. This can be found on e-planning website link provided - Town Planning ()
Calpe Lodge also benefits from full planning permission for a 61-room hotel combining a second freehold property named Albany House in an adjoining plot namely 7-9 Town Range, Link also provided - Town Planning ().
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.