Ref No. 3785627 | Apartment
Montagu Place
£140,000
Studio
1
- Internal Size: 23m2
- External Size: TBC
- View Floorplan
- Rates: £232 pa
- Service charges: £1,301 pa
- Tenure: Leasehold
- Tenure Details: Expires: 1st July 2975
Affordable Ocean Heights studio - convenient first home or buy-to-let
A second-floor studio in Ocean Heights, one of Gibraltar’s few surviving examples of 1960s béton brut architecture. Situated on the edge of the town centre, this landmark complex combines bold mid-century design with modern convenience, featuring a communal swimming pool and ground-floor retail units. The studio requires some updating, offering buyers the chance to put their own stamp on the space, whether as a stylish first home, a city pied-à-terre, or a cleverly configured rental. With proven demand in the building, the apartment offers an attractive 6.5% annual return for long-term lets, alongside strong potential for short-term rental income thanks to its prime location near Casemates Square, business districts, and Ocean Village. A rare opportunity to invest in both Gibraltar’s future and its architectural past.
PROPERTY FEATURES
-Second Floor Studio Apartment
-Rare 1960s béton brut landmark
-Fitted Wardrobes for Storage
-Residents' Swimming Pool
-6.5% rental return or ideal first home
-Scope to Improve
-Internal: 23 m2
-External: 0 m2
-Rates: £232 pa Service charges: £1,301 pa
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