Cumberland Road

43–45 Cumberland Road

Prime Redevelopment Opportunity – South District, Gibraltar

Exclusive to GMI HOMES

POA – Offers Considered | Market Valuation Available

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, developers, and owner-occupiers 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 benefits from a substantial roof terrace, together with private rear patios and garden areas.

In total, the property provides approximately 238.7 sqm of internal accommodation, complemented by approximately 97 sqm of external space, creating a rare and highly versatile footprint with excellent redevelopment potential, subject to the necessary planning permissions and approvals.

Property Highlights

Entire building opportunity in Gibraltar’s desirable South District

Approx. 238.7 sqm internal area

Approx. 97 sqm external areas

Ground floor + 3 upper levels

Approx. 54 sqm roof terrace with excellent sunlight exposure

Balconies on each upper floor, approximately 4.5 sqm each

Private rear patios

Additional garden area (subject to LPS)

Strong redevelopment and investment potential (subject to planning)

Approximately 128 years remaining on the lease

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 close to well-regarded schools, popular public beaches and coastal areas, local 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 amount and variety of private outdoor space, something rarely found in buildings of this scale and type within the district.

The approximately 54 sqm roof terrace enjoys excellent sunlight and offers the potential to create an impressive rooftop entertaining or leisure area, potentially benefiting from sea and Rock views, subject to the final design and any required planning permissions.

Each of the three upper floors also benefits from a balcony of approximately 4.5 sqm.

The rear patios and garden areas provide further private outdoor space and may offer additional opportunities for landscaping, entertaining, or incorporation into a future redevelopment scheme, subject to the relevant permissions.

Development Potential

With its generous footprint, multi-level configuration, and significant outdoor areas, the property offers considerable flexibility for redevelopment, subject to planning approval and all necessary consents.

Potential schemes may include:

A substantial private residence with multiple terraces and garden areas

Conversion into several residential apartments

Extension or reconfiguration in keeping with neighbouring properties

A boutique guesthouse or hospitality project

A mixed-use investment combining residential and commercial elements

A bespoke redevelopment project designed to maximise the property's internal and external accommodation

Prospective purchasers are advised to make their own enquiries with the relevant authorities regarding planning, permitted development, LPS matters, and any proposed alterations or redevelopment.

Investment Opportunity

Opportunities to acquire an entire redevelopment building within Gibraltar’s South District are extremely rare.

This property offers an investor or developer the opportunity to acquire a substantial existing building with a significant amount of outdoor space and reposition it into a distinctive residential or investment project in one of Gibraltar’s most desirable and established residential areas.

The combination of 238.7 sqm of internal accommodation, approximately 97 sqm of external space, a 54 sqm roof terrace, balconies, patios and additional garden areas, together with a long remaining lease term, makes this a particularly interesting proposition for those seeking a substantial redevelopment opportunity.

Price / Offers

POA – Price on Application

Offers Considered

A market valuation based on the architect’s report and calculated on a per-square-metre basis is available. Further information regarding the valuation, property details, and supporting documentation can be made available to suitably interested purchasers and investors.

Viewing and further information are available upon request.

00350 200 41110

info@gmihomes.com