Gibraltar - Governor's Parade, Town Area | Property for sale | Savills
790 sq m(8,503.49 sq ft)
Guide price £2,900,000

Gibraltar - Governor's ParadeTown Area


    Key features

    • Unique Freehold Opportunity
    • Centrally located
    • Alternative Schemes

    About this property

    • Calpe Lodge - A Rare Freehold Opportunity in the Heart of Gibraltar

      We are delighted to present Calpe Lodge, a distinguished property with an illustrious history dating back to the early eighteenth century. Imbued with its original colonial charm, this unique freehold opportunity is situated at 29, 31 & 33 Governor's Parade. Calpe Lodge offers an expansive footprint of 334 sqm and boasts an existing built-up area of approximately 700 sqm.

      Strategically located in close proximity to the vibrant South Central Main Street, replete with a wide array of retail establishments, cafes, and fine dining options, Calpe Lodge also stands within easy reach of Gibraltar's most iconic landmarks, including the renowned Garrison Library and The Elliot Hotel.

      What sets Calpe Lodge apart is its exceptional potential. This property enjoys full planning permission for a comprehensive Commercial & Residential Scheme. This permission facilitates an expansion of the building to approximately 1,430 sqm, adding two additional floors and a splendid rooftop terrace featuring a private swimming pool and a well-equipped gymnasium.

      The residential facet of this development encompasses 23 exquisite apartments. These include an assortment of studio apartments and one- and two-bedroom residences, providing a diverse range of options for discerning homeowners. Further details of this captivating project are available through the e-planning website: Town Planning (egov.gi). Additionally, the scheme introduces a capacious basement area, thoughtfully designed for storage units, easily accessible via No. 29 Governor's Parade. The addition of a lift ensures effortless transport and storage of bicycles.

      The ground floor of the property graciously welcomes with the ambiance of a stylish cafeteria/bar, complete with a professionally equipped kitchen and well-appointed restroom facilities. Notably, a dedicated commercial unit can be found at No. 33 Governor's Parade, adding a layer of flexibility and versatility to this exceptional property.

      Calpe Lodge further enjoys full planning permission for a distinctive 61-room hotel, a venture that extends to an adjoining property, Albany House, located at 7-9 Town Range. These two properties are set to harmoniously combine, further enhancing this remarkable offering. Detailed insights into Albany House's scheme can be explored here: Town Planning (egov.gi).

      As a cherished piece of Gibraltar's historical tapestry, Calpe Lodge awaits restoration and preservation, representing an extraordinary opportunity for astute investors. This is a truly unique and prestigious endeavor. Do not miss your chance to be part of this historic transformation. We invite you to contact us promptly to arrange a viewing and unlock the boundless potential that Calpe Lodge presents.