Town

Introducing a rare leasing opportunity for a prime unit in the heart of Casemates Square. Situated at the most popular point in the area, previously home to the iconic Salsafuego nightclub.

This is an excellent opportunity to secure a versatile, well-equipped, and strategically located unit in a soon-to-be revitalized area. Don’t miss out on positioning your business at a prime location poised for increased foot traffic and visibility.

Key Highlights:

Strategic Location: Casemates Square is set to undergo significant renovations in the coming months, alongside the Landport project. Additionally, a major tourist attraction will soon open at the North Defences, connecting directly through Casemates just outside the unit.

Unit Features:

• Size: 173 m²
• Lease: 21-year lease concurrence from the government
• Licenses: Leisure license included
• Fully Equipped: The unit comes fully fitted with toilets, air conditioning, fire safety, alarm system, and all necessary licenses. It is ready for use as a hair salon, and its open plan makes it adaptable for any use you envision. A kitchen extractor ducts is also installed.
• Additional Spaces: The unit includes 2 stores in Casemates Square, with all fixtures and fittings included.

Financials:

• Key Money for Full 173 m²: £250,000 ONO, covering the lease and all fixtures and fittings.
• New LPS Rent: £2,300 per month
• New Rates: £1,040 per month (negotiable)
• Multi-Business Operations (Flexible Options):

• For 50% of the unit—converted into Unit A or Unit B (approx. 80 m² each): £125,000 premium.
• Rent for 80 m² Unit: £1,150 per month
• Rates for 80 m² Unit: £520 per month

Flexible Options:

• Division Possibility: The unit can be divided into two approximately 80 m² units, each with entry points and windows on both sides. These spaces can be easily converted into office spaces, commercial areas, storage facilities, etc.
• Discounted Rent for Flexible Hours: A rent review with an approximate 25% discount is available if your business operates during off-peak hours, such as specific time frames or late-night shifts.

This is a rare opportunity to establish your presence in one of the most prominent areas in Gibraltar. Contact us now to discuss how this unit can meet your business needs.