COMM557

Town

Office

£5,917 pcm

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COMM557

Town

Office

£5,917 pcm


ABOUT THIS PROPERTY

To Sub-Let: Premium A-Class Office Space in the Heart of Historic Irish Town – 167.10m²

An exceptional opportunity to sub-let a third-floor A-class office space, ideally located in the vibrant and historic Irish Town. The building has undergone extensive refurbishment throughout and offers modern facilities, including lift access.

Property Features:

Size: Approximately 167.10m², intelligently divided into two distinct units with separate entrances:

  • Unit 1: Open-plan layout spanning 87.1m², featuring a kitchenette and separate ladies’ and gents’ WCs.
  • Unit 2: Comprising 80.7m² with three private offices, a reception/open-plan area, and a dedicated WC.
  • Location: Centrally positioned within Irish Town, surrounded by a range of amenities.
  • Condition: The office has been finished to a high standard, ready for immediate occupancy.

Lease Terms:

  • Term: 6 years commencing 1 May 2024.
  • Deposit: Equivalent to 3 months’ rent.
  • Break Clause: Available to the lessee only, exercisable after 3 years.
  • This flexible and modern office space is perfect for businesses seeking a prestigious location in the heart of town. 
  • Early viewing is highly recommended.
  • Areas m2
    Interior Size:
    167m2
    Exterior Size:
    N/A
    Amenities
    Furnishing:
    Fully Furnished
    Terms and Lease
    Rent Reviews:
    on the 3rd anniversary of the lease
    Terms:
    6 years (commencing 1 May 2024)
    Ownership:
    Leasehold
    Service charges:
    £5013 Per Annum
    Rates:
    £4036 Per Quarter

    About Town

    The heart of Gibraltar, stretching North to South from Casemates to The Referendum Gates and East to West from Irish Town to Town Range.

    The retail centre of Gibraltar including Main Street, Casemates and Irish Town comprising mainly of older Freehold properties and enjoying high street brands such as Marks & Spencer, Holland & Barrett, Mango, Tommy Hilfiger and others.

    The area comprises of several residential developments such as Gibraltar Heights, Cornwall’s Centre,Trafalgar House and the new and exclusive Midtown Development affording luxury residential, retail

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    Property Stats

    Average BMI Property Sales Prices for Town

    Average Price

    Year

    £1,333,333.33 2024
    £793,000.00 2023
    £1,603,000.00 2022
    £549,166.67 2021
    £182,000.00 2020
    £941,250.00 2019
    £315,000.00 2018
    £46,700.00 2017
    £1,050,000.00 2015
    £167,500.00 2012
    £75,000.00 2004
    £265,000.00 2003
    £149,650.00 2002

    For full property stats visit our market update

    Disclaimer:

    These sale prices are for information purposes only and may not be relied upon as a valuation or any other purpose. BMI shall not be responsible for any losses or damages caused by or in connection with the reliance or use of the figures or market information set out on our website.

    NB. Whereas we have endeavoured to maintain accuracy with all the information provided, we would point out that certain average prices listed, may be somewhat weighted given the various types of particular bedroom / property types in various developments. The information is therefore provided for guidance purposes only. For further detailed information, we would kindly ask that you contact our office.


    Unit 7 Portland House, Glacis Road, Gibraltar

    +350 20051010

    info@bmigroup.gi