Block of flats for sale in Gib:33668, Kaycee Building, Main Street, Gibraltar

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 155 m2 i.e. 1,668.4 ft2

First Floor - Stores / Commercial – Ground Level Turnbull’s Lane 145 m2 i.e. 1,560.8 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 80 m2 i.e. 861.1 ft2

Third Floor - Apartments. (First Floor from Turnbull’s Lane)

One Bedroom Apartment facing Main Street 36 m2 i.e. 387.5 ft2

One Bedroom Apartment facing Inner Light-well 31 m2 i.e. 333.7 ft2

Roof Terrace 35 m2 i.e. 376.7 ft2

Total Circulation Areas 52.5 m2 i.e. 565.1 ft2

Light-well 17.0 m2 i.e. 183.0 ft2

Total Area 591.5 m2 i.e. 6,366.9 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 reserved price.

Viewing is highly recommended.

Rates Payable:

Shop £ Per Quarter. Subject to 50% discount on early payment

Stores £ Per Quarter. Subject to 20% discount on early payment

Shop & Stores 29 Main Street Ground Floor £ 3,097.77 £ 12,391.08

& First Floor. (Before discount)

31 Turnbulls Lane – Stores 1 & 2 - not rated included in 29 Main Street

Flat 3 - £34.05 per quarter before discount (10% discount eligible)

Flat 4 - £67.20 per quarter before discount (10% discount eligible)

Flat 5 - £54.90 per quarter before discount (10% discount eligible)

Flat 6 - £27.00 per quarter before discount (10% discount eligible)

Apartments Subject to 10% discount on early payment