Cumberland Road, Gibraltar

3-45 Cumberland Road

Prime Redevelopment Opportunity - South District, Gibraltar

Exculsive to GMI HOMES

An exceptional opportunity to acquire an entire leasehold building located on Cumberland Road in Gibraltar's highly desirable South District. This historic property presents significant potential for investors and developers seeking a redevelopment project in one of Gibraltar's most established and characterful residential neighbourhoods.

The building is arranged over ground floor plus three upper floors and also benefits from a roof terrace together with private rear patios and garden areas. In total, the property offers approximately 238.7 sqm of internal accommodation, complemented by around 97 sqm of external space, creating a rare footprint with excellent redevelopment potential, subject to the necessary planning permissions.

Property Highlights

Entire building opportunity in the South District

Approx. 238.7 sqm internal area

Approx. 97sqm external areas

Ground floor + 3 upper storeys

54 sqm roof terrace with excellent sunlight

Balconies on each upper floor (approx. 4.5 sqm each)

Private rear patios

Aditonal Garden area ( subject to LPS)

Strong redevelopment potential (subject to planning)

Remaining lease: 128 years



Location

Cumberland Road sits within Gibraltar's well-regarded South District, an area known for its traditional architecture, established residential community, and proximity to some of Gibraltar's most attractive coastal and leisure locations.

The property is conveniently located near well-regarded schools, popular public beaches and coastal areas, neighbourhood amenities, scenic walking routes, and green spaces, making it an appealing location for future residential development.



Outdoor Space - A Rare Asset

One of the property's most attractive features is the volume of outdoor space, something rarely found in buildings of this type within the district.

The roof terrace (approx. 54 sqm) enjoys excellent sun exposure and could be transformed into a rooftop entertaining area with sea and Rock views (subject to design).

Each of the three upper floors benefits from a balcony.

The rear patios and garden areas provide additional private outdoor spaces that could be incorporated into a future redevelopment scheme.



Development Potential

With its generous footprint and multi-level layout, the building offers considerable flexibility for redevelopment, subject to planning approval.

Potential schemes may include:

A large private residence with multiple terraces and gardens

Conversion into several residential apartments

Extension or reconfiguration in line with neighbouring properties

A boutique guesthouse or hospitality project

A mixed-use investment combining residential and commercial elements



Investment Opportunity

Opportunities to acquire an entire redevelopment building within Gibraltar's South District are extremely rare. This property offers the chance to reposition a historic building and create a distinctive residential or investment project in one of Gibraltar's most desirable residential areas.

Viewing and further information available upon request.



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