International Property Collection Gibraltar Edition Autumn 2013

international property ColleCtionGibraltar edition

autumn 2013

international property ColleCtionGibraltar edition

autumn 2013

Welcome to the International Property Collection, Gibraltar Edition, Autumn 2013

We welcome you to the Autumn Edition of our Gibraltar property magazine.

Gibraltar has not only withstood the economic plight of the last few years, but has continued its economic growth seemingly unabated. The low tax base in a well regulated EU jurisdiction ensures that Gibraltar is an attractive proposition at any time of an economic cycle. With corporation tax at 10%, income tax peaking at an effective rate of 25% (much lower for qualifying high net worth individuals), and no wealth, capital gains or inheritance tax, Gibraltar is appealing to both individuals and companies willing to relocate to save costs.

It is this firm fiscal foundation that is creating the current supply and demand imbalance at both ends of the residential property price range and in both the sales and lettings markets.

In response to the increase in the number of high net worth individuals seeking to relocate to Gibraltar, two property developments aimed at the higher end buyer are currently under construction. Phase one of Buena Vista Mews is a collection of six villas and nine townhouses in the south district. Phase one of the development has sold out with the first completions by Easter 2014. We are now taking client registrations for the second phase, six bespoke villas, built to client’s specifications.

The true measure of Gibraltar’s increasing attraction to the higher net worth client is the recent launch of the Sanctuary, five huge and exquisitely designed exclusive villas adjacent to Gibraltar’s Nature Reserve affording panoramic views across the Strait of Gibraltar to Africa. Chesterton is the sole agent and viewings of this most prestigious of all developments are strictly by appointment only.

At the end of 2012, Spain introduced stringent disclosure requirements on its tax residents relating to non-Spanish assets, the impact of which has been a migration of cross border workers returning to or moving into Gibraltar for the first time. As a result, the supply of rental apartments has significantly reduced and any apartment below £2,000 per calendar month is now in short supply. Indeed, we are usually able to place these with waiting applicants prior to marketing. This short supply of affordable rental properties, has led to would-be tenants becoming property buyers, resulting in a significant tightening of the sales market and property prices up to circa £600,000. This trend is set to continue up the property value curve.

Quality office accommodation is also in short supply. As the leading agent in the office sector in Gibraltar, Chesterton is actively working with developers who have the land and consent to build purpose built and high end office accommodation to satisfy the current demand levels. Contact us for further details for pre-let and pre-purchase opportunities.

We are proud of our service ethics and professional standards in an unregulated Gibraltar property market. Our internal client accounting procedures, using proper segregated accounts for landlord and tenant monies, reconciled weekly, adhere to exacting UK standards. It is this professionalism that continues to fuel our growth.

We look forward to welcoming you and assisting you.

Mike Nicholls BSc FCA Managing Director

Front cover: The Sanctuary.

For more information call Chesterton 00350 200 40041 or email [email protected]

© Buckingham Properties (Gibraltar) Limited trading as Chesterton, 2013. All rights reserved. Reproduction is forbidden except by express permission of Chesterton. The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. Chesterton cannot accept responsibility for any omissions or errors.

Mike Nicholls BSc FCAManaging Director

This is a rare opportunity to purchase a fantastic duplex penthouse in the Tradewinds development. The property is spacious and is tastefully decorated throughout in a contemporary style. It has stunning views overlooking the Ocean Village marina, east towards Marbella and south across the Gibraltar landscape to Africa.

£2,395,000Ref 393: Tradewinds 4 bed / 3 bath / views / communal pool

+ 350 200 [email protected]

Gibraltar Sales

Gibraltar Sales

£3,500,000Ref 447: Rosia Ramp7 bed / 4 bath / private pool / double garage / jacuzzi / garden


An impressive and spacious detached family house in the South District, built in 2006. Boasting 7 bedrooms, 4 bathrooms, 2 cloakrooms, 2 luxury kitchens and 2 living/dining rooms, one with a working fireplace. Further appealing features include 3 terraces, a large garden, a double garage, a private swimming pool and jacuzzi with changing room shower facilities, a fitted bar and BBQ area, along with a games room, all ideal for entertaining.

This exclusive development located in the peaceful Queensway Quay marina, offers spacious rooms and lovely views of the marina. The property has been finished to a high standard and has an impressive fully fitted kitchen, quality wooden flooring and air-conditioning. Allocated parking is available along with a communal pool which can be enjoyed throughout the year.

£685,000Ref 80: The Sails2 bed / 2 bath / marina views / parking / all weather pool


Gibraltar Sales

This exclusive development located in the peaceful Queensway Quay marina, offers spacious rooms and lovely views of the marina. The property has been finished to a high standard and has an impressive fully fitted kitchen, quality wooden flooring and air-conditioning. Allocated parking is available along with a communal pool which can be enjoyed throughout the year.

£685,000Ref 80: The Sails2 bed / 2 bath / marina views / parking / all weather pool


Gibraltar Sales

A spacious 3 bedroom apartment in the exclusive Europlaza development, which is ideally located, close to the city centre. The property benefits from a bright and airy lounge/dining room and two private terraces with fantastic sea views to Africa. The master bedroom has an en-suite bathroom, there is a further bathroom, wooden flooring throughout and a fitted kitchen/breakfast room. The apartment is being sold fully furnished and includes a private underground parking space.

£449,950Ref 459: Europlaza3 bed / 2 bath /sea views


Gibraltar Sales

Gibraltar Sales

£545,000Ref 467: Genista House3 bed / 2 bath / hot tub / sea views


This spacious apartment has been finished to a very high standard and offers dual air-conditioning with wooden flooring. The master bedroom enjoys access to a private patio. The open plan kitchen has been fitted with top of the range appliances and the bright living area leads onto a private terrace with a hot tub. This apartment comes with 2 allocated parking spaces in a secured underground garage and access to gym facilities.

A part completed new build with stunning views, which utilises some of the original building walls and is walking distance to the town. Comprising: 4 bedrooms, 4 en-suite bathrooms, a large open plan kitchen, a dining room, a sitting room, a spacious hall, an office and storeroom. There is also a lower level floor, with a large entertainment room. The internal living area is 285.5 sq m, with terraces of approximately 181 sq m. The property has allocated parking in the adjacent new covered car park and there is also a large garden area to the rear which it may be possible to rent or purchase.

£1,970,000Ref 409: Arengo’s Palace 4 bed / 4 bath / views / part new build


Gibraltar Sales

Gibraltar Sales

£690,000Ref 421: South District3 bed / 2 bath / communal pool


This fantastic penthouse apartment is located at the old Naval Hospital site in the popular South District of Gibraltar. The spacious living/dining area leads onto one of the three terraces. The property offers a fully fitted luxury kitchen with top of the range appliances, designer bathrooms ,and it is air-conditioned throughout and includes an allocated underground parking bay. Residents also enjoy access to the communal pool and gym.

This spectacular apartment is located in the vicinity of the Rock Hotel with great views across Alameda Botanical Gardens and out to the bay beyond. Interior designed and sold furnished, the property offers spacious living accommodation, generous terraces, a fully fitted luxury kitchen and a very high standard of finish throughout. The property also includes an allocated parking space in the underground garage and access to the communal pool.

£895,000Ref 141: Rock Gardens3 bed / 3 bath / pool / sea views / parking


Gibraltar Sales

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Our team of specialists are committed to providing you with detailed and practical

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Verralls Barristers & Solicitors2B Centre Plaza, 2 Horse Barrack Lane, Gibraltar

Tel: +350 200 47252 Fax: +350 200 72789 Email: [email protected]

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This great family home is located in the South District of Gibraltar, close to some of the most popular schools. Providing spacious accommodation throughout, the living area leads onto a private patio with decking and the large fully fitted kitchen also has access to an outside area. The master bedroom has an en-suite bathroom and offers good sea views. The property also includes a lock up garage.

£650,000Ref 36: South District3 bed / 2 bath / views / garage / private patio


Gibraltar Sales

This spectacular penthouse apartment is located at the Old Naval Hospital site in the popular South District of Gibraltar. The spacious living area leads onto a private terrace offering great sea views from its high vantage point. The fitted kitchen includes top of the range appliances, the property is air-conditioned throughout and includes an allocated parking bay. Residents also enjoy access to the communal pool and gym.

£675,000Ref 22: The Cliftons2 bed / 2 bath / parking / communal pool / gymnasium


Gibraltar Sales

Located next to Rosia Bay, this stunning colonial cottage is a short walk to the beach. This charming property has been recently refurbished, yet still retains many period features including wooden floors and an original fireplace. The accommodation comprises: 3 double bedrooms, modern contemporary bathrooms, a living/dining room with air-conditioning, a luxury kitchen, a utility room, a pantry, a second reception room/study and a cloakroom. There is also a pretty terrace and BBQ with seating areas. The property is gated with allocated parking.

£545,000Ref 431: Rosia Bay3 bed / 2 bath / sea views


Gibraltar Sales

Located next to Rosia Bay, this stunning colonial cottage is a short walk to the beach. This charming property has been recently refurbished, yet still retains many period features including wooden floors and an original fireplace. The accommodation comprises: 3 double bedrooms, modern contemporary bathrooms, a living/dining room with air-conditioning, a luxury kitchen, a utility room, a pantry, a second reception room/study and a cloakroom. There is also a pretty terrace and BBQ with seating areas. The property is gated with allocated parking.

£545,000Ref 431: Rosia Bay3 bed / 2 bath / sea views


Gibraltar Sales

This luxury development, built by Taylor Woodrow, has been finished to a very high standard using top quality materials. It is located next to Gibraltar’s own Rock Hotel and offers great views over the botanical gardens. It benefits from a fully fitted kitchen with top of the range appliances, a bright living area leading onto a spacious private balcony, an allocated parking bay in the garage and a lock up store room with a window. Residents also have access to a communal pool.

£390,000Ref 415: Rock Gardens1 bed / 1 bath / pool / sea views / parking / store room


Gibraltar Sales

This double fronted semi-detached colonial style house is located in the South District. This property is bright and airy throughout, yet still retains many of its original features, including: high ceilings with cornice detail, wooden flooring, feature fireplaces and a spacious entrance and landing. Accommodation comprises 3 double bedrooms, 2 en-suite bathrooms, 2 reception rooms, a cloakroom and a fully fitted kitchen breakfast room leading to a delightful dining area. Outside there is a large west facing private patio garden and a further utility area.

£895,000Ref 408: South Barrack Road3 bed / 3 bath / sea views /original features


Gibraltar Sales

Gibraltar Sales

£220,000Ref 369: Ocean Village1 bed / 1 bath / communal pool


Nicely presented one bedroom apartment within the Grand Ocean Plaza development. This apartment has a spacious terrace overlooking the rock of Gibraltar and benefits from an allocated parking space. The property has access to the extensive outdoor swimming pool complex.

Gibraltar Sales

Ref 477: Ocean Village £1,650,000A stunning, 3 bedroom penthouse in Royal Ocean Plaza. It boasts a luxury fitted kitchen, a cloakroom, a utility area, designer en-suite bathrooms with underfloor heating and air-conditioning. Two of the bedrooms have dressing rooms and the spacious living/dining room leads onto a wrap around terrace with fantastic views, a private pool and hot tub. Included is an allocated parking bay, 24 hour security and access to the impressive pool area.

Ref 185: Tradewinds £319,000A spacious and well presented 1 bedroom apartment in this sought after development within the marina. It has an open plan fully fitted kitchen, a lounge/dining room and a marina facing terrace with fantastic views. Features include: floor to ceiling windows, contemporary fixtures and fittings, wood floors and air-conditioning. An underground parking bay is included and there is a communal pool.

Ref 428: Marina Bay £175,000This studio apartment is located at Marina Bay on the fifth floor and is close to the Ocean Village marina and the town. It is nicely decorated throughout and includes a fully fitted kitchen and bathroom. The apartment has access to a communal swimming pool and benefits from an off-road car parking space.

Ref 473: Queensway Quay £610,000Located in the prestigious development of Cormorant Wharf, this2 bedroom apartment boasts bright, spacious accommodation and is finished to a high standard. The fully fitted kitchen/breakfast room offers top of the range integrated appliances and a dual aspect living/dining room with french doors leads out on to a private terrace with superb views of the marina. It benefits from allocated parking and communal swimming pools.

A beautifully presented 3/4 bedroom mews home. Set in the original colonial style building with a gated communal area. Arranged over four floors it benefits from magnificent views over the Bay of Gibraltar. Fully furnished and air-conditioned, the property comprises: 3 bedrooms, 2 en-suite, a family bathroom, a study/bedroom 4, a bright living room, a spacious fully fitted kitchen diner with separate utility room and a cloakroom. The property boasts balconies to the front and rear, a westerly facing decked terrace and a private jacuzzi plunge pool. Secure communal parking is also included.

£985,000Ref 404: Lord Napier Mews4 bed / 4 bath / patio garden / jacuzzi pool


Gibraltar Sales

Gibraltar Sales

Ref 81: Atlantic Suites £1,395,000A vast, luxury penthouse, with quality wooden flooring, an air cooling system and spectacular views. The open plan living area includes a modern kitchen with top of the range appliances and the apartment has an integrated Bang & Olufsen audio/visual system. The bedrooms have en-suite bathrooms and a parking bay in the underground garage is included. It is being sold furnished and residents enjoy a gym, spa, pool and gardens.

Ref 125: Tradewinds £595,000This 2 bedroom property boasts a bright and spacious living area leading onto a private balcony and an impressive fully fitted kitchen with top of the range appliances. It is air-conditioned, wooden flooring throughout and fitted wardrobes. The property is sold with an allocated parking bay in a secure underground garage and access to the communal pool.

Ref 79: Queensway Quay £1,150,000This colonial three storey town house overlooks Queensway Quay marina. Accommodation includes: a modern open plan kitchen and large living area, with terrace, a master en-suite bedroom with dressing area and terrace and 3 further bedrooms, 1 with en-suite. The property has a two car driveway and patio areas. It is tastefully decorated and air-conditioned throughout.

Ref 174: Ocean Village £359,000A modern 2 bedroom apartment in Grand Ocean Plaza, with quality fittings and a high level of finish throughout. It boasts a luxury fitted kitchen with top of the range appliances, designer bathrooms with underfloor heating and is fully air-conditioned. The bright living area leads onto a spacious terrace. The property includes an allocated parking bay and residents enjoy 24 hour security and access to the extensive pool area.

Contact Ian Le Breton or Ravi Viroomal

Sovereign Trust (Gibraltar) Limited. P.O. Box 564, 143 Main Street, Gibraltar

Tel: +350 200 76173 [email protected]

www.SovereignGroup.comIntelligent Offshore Planning since 1987 _ Company & Trust Services _ Asset Management _ Pensions _ Immigration _ Residency Applications

Sovereign Trust (Gibraltar) Limited – Licensed by the Financial Services Commission Licence No FSC 00143B Feb 2012

THE ART OF FORWARD PLANNINGPurchasing real estate can have significant tax and succession implications. Holding your property through the right structure can take care of these risks. The Sovereign Group combines worldwide property ownership and tax planning expertise with a global office network. We also provide the residency, pension transfer and insurance services needed to complete your move. Talk to Sovereign today.

Gibraltar Sales

Ref 42: Ocean Village £547,000This modern 3 bedroom apartment in Grand Ocean Plaza offers quality fittings and a high level of finish throughout. It boasts a luxury fitted kitchen with top of the range appliances, designer bathrooms with underfloor heating and is fully air-conditioned. The bright living area leads onto a spacious terrace with fantastic views. The property includes an allocated parking bay and residents enjoy 24 hour security and access to the extensive pool area.

Ref 439: Sir Herbert Miles Road £245,000A fantastic opportunity to buy a 2 bedroom top floor apartment with fabulous sea views over Catalan Bay. The property features laminate flooring throughout and double glazed windows. It has a fully fitted kitchen, a shower room, a bright living room, a private19 sq m terrace and allocated communal parking. It is located within very easy walking distance of Catalan Bay and its various cafe bars and restaurants.

Ref 471: Gardiner’s Road £1,975,000A fabulous elevated 4 floor detached villa with panoramic sea views. Accommodation includes: a master suite, 4 further bedrooms, a luxury bathroom with a hydrotherapy bath and a shower and a very spacious living room with an open fire. It benefits from a variety of terraces, a private pool, a kitchenette and a covered terrace/lounge area. There is also a studio and a 1 bedroom apartment, a private garage and parking spaces. It is being sold part funished.

Ref 460: The Anchorage £675,000 This fabulous 3 bedroom spacious garden apartment is located in the Anchorage development in the South District. The property offers a large bright living room with an open plan fully-fitted kitchen, designer bathrooms, air-conditioning, a terrace and allocated parking. Amenities include: a communal gymnasium with exercise pool and a children’s play area. The property has planning permission for a private pool.

This property boasts a spacious living area opening onto a beach facing, private walled patio with swimming pool. Accommodation includes a fitted kitchen with appliances and an open plan ground floor area which may be divided with glazed folding doors. There are 3 bathrooms and 3 bedrooms, all with built in wardrobes and 2 with covered balconies. All external areas including the pool have lighting.

£685,000Ref 290: Little Genoa3 bed / 3 bath / swimming pool / spectacular views


Gibraltar Sales

Gibraltar Sales

Ref 390: Little Genoa £799,950This beautiful, smart, 4 bedroom family home overlooks Catalan Bay. With stunning sea views, the property benefits from large terraces and steps down to the beach. It is very light and airy withmodern furnishings and has a very spacious garage to the side.

Ref 8: Town Area £950,000Formerly the residence of the Captain of the Port, this interesting villa is in an elevated location with panoramic views. All within just 50 meters of Main Street. This magnificent property boasts a galleried entrance hall and impressive drawing room. Full of character, the spacious accommodation includes: 4 bedrooms, refurbished bathrooms, a modern fully fitted kitchen/breakfast room, a separate dining room, a wine cellar and several patios.

Ref 441: Lord Napier Mews £795,000A fantastic 4 bedroom town house with stunning views of the Bay of Gibraltar. Beautifully furnished and fitted throughout, the property boasts a ground floor study/bedroom, a spacious reception room with french doors and a Juliet balcony, a fully fittedkitchen diner with separate utility room, a cloakroom, a large decked terrace and a private garden.

Ref 166: South District £549,950Located in the quiet South District of Gibraltar and part of the modern Highcliffe House development, this fabulous podium level apartment overlooks the communal pool. The property has been interior designed, has a spacious living area, an impressive kitchen with quality appliances, hardwood flooring throughout and is air-conditioned. Additional benefits include: a large private balcony, two allocated parking bays and an additional storage room.

Gibraltar Sales

£750,000Ref: 372: Queensway Quay3 bed / 2 bath / marina views / 2 communal pools


This fully refurbished, luxury apartment enjoys superb marina views and comprises 3 bedrooms, 2 bathrooms, a fully fitted contemporary kitchen, a spacious living/dining room, a large terrace and a garage space. The property benefits from hardwood flooring, double glazing, air-conditioning and underfloor heating in the bathrooms and kitchen. Amenities include 2 communal swimming pools and a fitness centre with sauna and jacuzzi.

The Island is located within the quiet Queensway Quay marina, which provides a high level of privacy to its residents, who also benefit from 24 hr security. This luxurious villa benefits from a covered terrace, a private pool, a double garage, an internal lift and a home office. The kitchen has been upgraded and fitted with top of the range appliances. Completed to the highest specifications, this fabulous home comes with a 20m berth and boasts panoramic sea and marina views.

£3,950,000Ref 450: The Island4 bed / 3 bath / 20 m berth / private pool / double garage


Gibraltar Sales

This unique 5 bedroom detached villa is an ideal family home arranged over 3 floors. It boasts extensive, spacious accommodation and due to its elevated position affords fantastic panoramic southerly views. The property comprises a master bedroom with a walk-in wardrobe and en-suite bathroom, 4 further bedrooms and a bathroom, a living/dining room leading out to a balcony, a kitchen/breakfast room, 2 cloakrooms, a large double garage, shower changing facilities, a games room, a BBQ, a private swimming pool and terrace area with bar and a raised garden.

£1,450,000Ref 401: Upper Town5 bed / 4 bath / private pool / sea views


Gibraltar Sales

The unique and stunning stone block building that sits proudly within the Buena Vista Park Villas development on the top of the cliff with unrivalled views across the bay and straits of Gibraltar is to be converted into a Luxury Residence with extensive grounds. There will be a further six plots for large bespoke villas in the luxurious private gated Buena Vista Park Villas development. Register now with Chesterton for further information. + 350 200 40041

[email protected]

Gibraltar Sales

Buena Vista Park VillasOff plan opportunity

A beautifully presented, fully furnished apartment on the eleventh floor of this modern Ocean Village development. There are two spacious bedrooms leading to the outdoor terrace area. This property also has superb marina views and residents enjoy access to the extensive swimming pool complex.

£375,000Ref 355: Ocean Village2 bed / 1 bath /communal pool


Gibraltar Sales

Issued by SG Hambros Bank (Gibraltar) Limited, which is regulated and authorised by the Financial Services Commission, Gibraltar. © GettyImages - FRED & FARID

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[email protected] chesterton.gi

Chesterton20 Ocean Village PromenadeOcean VillageGibraltar

Gibraltar Lettings

Apartments required for waiting qualified executive tenants.

If you are looking to make your property available please contact us.

A luxury apartment in the established marina area, giving an elevated view of the resort facilities and beyond. Including 2 bedrooms and 1 bathroom, this 10th floor property is decorated in a contemporary style. It enjoys a private terrace and benefits from access to beautiful communal amenities including gardens, swimming pools and spa facilities.

£1,600 pcmRef 472: Ocean Village2 bed / 1 bath /marina views / communal pool


Gibraltar Lettings

An impressive property located in a convenient location for the town centre. Accommodation includes 3 spacious bedrooms, a luxury fitted kitchen and bathrooms. The property has a working fireplace in the entrance hall and includes a spacious roof top terrace and conservatory.

£3,900 pcmRef 487: Hargraves3 bed / 2 bath /conservatory / views


Gibraltar Lettings

This fabulous apartment within the Queensway Quay marina is tastefully decorated throughout. Accommodation includes 2 bedrooms, 2 bathrooms, a modern kitchen and an impressive terrace with marina views. There is also a community pool.

£2,500 pcmRef 478: Queensway Quay2 bed / 2 bath /marina views / communal pool


Gibraltar Lettings

Gibraltar Lettings

Ocean Village A selection of apartments including penthouses are available for rent in this very popular development. Apartments offer quality fitted kitchens with top of the range appliances, designer bathroomswith underfloor heating and are fully air conditioned. Residents also enjoy 24 hour security, access to the vast communal pool area and exclusive roof top gardens.

Tradewinds This Taylor Woodrow luxury development is conveniently situated in a central location, surrounded by bars and restaurants in the marina and walking distance to the airport. All properties boast a bright and spacious living area, an impressive fully fitted kitchen with top of the range appliances, air-conditioning, wooden flooring, fitted wardrobes and private balconies. Properties are rented with a parking space and access to the communal swimming pool.

Kings Wharf Kings Wharf is located within a few minutes walk of the town centre and offers its residents a wide range of private and communalfacilities including gardens, pools and a fitness centre. All apartments have air-conditioning, a luxury fitted kitchen and a high standard of finish throughout. Each apartment has an allocated parking space within the secure garage.

Atlantic Suites Overlooking the Strait of Gibraltar, the conversion of this impressive building creates 106 exclusive apartments offering 1, 2 and 3 bedroom layouts as well as a selection of penthouses. This top quality development includes: an impressive entrance into a grand lobby lounge, 24 hour security and porter, lounge areas, a health club, swimming pool, private gardens and private indoor parking. It is located within walking distance of the town centre.

This nicely presented 4 bedroom duplex apartment is situated on the 10th Floor. It is fully furnished with stunning sea views and an allocated parking space is available. Europlaza is centrally located, making it an ideal base for work or leisure.

£3,200 pcmRef 413: Europlaza4 bed / 3 bath /sea views


Gibraltar Lettings

Chesterton Corporate Services, a division of the Chesterton Estate Agency, grew out of the desire of companies to tap into a local knowledgeable service that could meet both the employer’s requirements of encouraging its staff to relocate, and, to be a point of contact for each individual as they stepped off the aeroplane to discover what Gibraltar and nearby Spain was all about.

Our relocation service has evolved to meet the needs of both employer and employee. We provide an orientation service, to show each person the areas most suited to their requirements, be it budget based, best beaches or golf courses, proximity to the office, or nearby schools etc. We then short list suitable properties from a wide variety of pre-selected reputable agents and help with the negotiation. We hand hold parents’ visits to schools, whether Gibraltar or Spain, guide each person through the myriad of red tape surrounding residency applications, tax office applications and health card registrations. And we even have special rates we can pass on for removal companies that know what to do when they reach the Gibraltar / Spanish border.

The growth of our relocation service has been in response to client needs. Each package is tailored to suit the client, whether a relocation of 100 staff or just one.

Please talk to us if you think we can help.

Relocation, Relocation, Relocation.Chesterton Corporate Services

Chesterton offers a range of apartments in Gibraltar available for short lets. The apartments are located in Ocean Village, Kings Wharf and Queensway Quay. They are individually owned and made available by our landlords for short periods between 3 nights and 6 months. Each apartment is priced differently by the landlord and prices fluctuate according to the booking period required. As an alternative to a local hotel, try one of our short let apartments in Gibraltar, to make your stay here, truly special.


Gibraltar Corporate Short Lets

Main Street, 95 sq m £28,500 per annum rent95 sq m of well presented second floor office space. It is fully cabled and air-conditioned, with communal toilets. The space will be available late in 2014, however it can be viewed and reserved now. It is perfectly located in the town centre and exceptionally close to Marks & Spencer!

Gibraltar Commercial

College Lane, 168 sq m £54,570 per annum rent168 sq m of newly refurbished office space, which is finished to a high standard with cat 5 data cabling. It is located in the town centre and close to all amenities. A new tenant could provide input on the final layout.

Town area, 75 sq m £265,000 for saleThis commercial property has previously been occupied as an office, with a bright reception area facing the street. The property consists of one large private office, a spacious reception and a large store room. Refurbishment is required, making this an ideal investment opportunity.

Blake House, 229 sq m £71,000 per annum rent229 sq m of modern fully-fitted office space over two levels. Terms include 3 year rent reviews. One parking space is included. Tenants are permitted access to the gym area. Available early 2014.

· Ocean Village · Europort · Regal House· Marina Bay · Eurotowers · Eurolife· Waterport Place · International House · Irish Town· Main Street · Watergardens · Queensway Quay

We have extensive knowledge of the Gibraltar commercial property market and vast experience of lease negotiations. Recent transactions have included premises within the following locations. Please contact us if you would like us to identify the right property and on the right terms for your business.




Neptune House, 49 sq m £13,800 per annum rentA 49 sq m office space with views of the stadium. It comes with aparking space and is air-conditioned. Service charges are included in the rent and if required, rates and electricity can be included for an additional £350 per month. Available on a one year licence, which is renewable upon request.

Portland House, 116 sq m £28,800 per annum rentThis modern shared office space is centrally located. Communal facilities include: a spacious kitchen/diner with vending machines, boardroom facilities, a video conferencing suite and a swipe card entry system. Air-conditioning, bandwidth and other utilities are included.

Gibraltar’sleadingcommercial agentT: + 350 200 40041 [email protected] chesterton.gi

A great opportunity to purchase a stunning penthouse in the prestigious Portofino development.Overlooks the links golf course and the Rock of Gibraltar. The penthouse is in a development with 2 community swimming pools and underground parking. The property has 3 large bedrooms,1 smaller staff bedroom and a large living/dining area. The wrap around terraces include a small courtyard garden and a covered seating area with excellent views.

€590,000 Alcaidesa4 bed / 3 bath / sea views


Alcaidesa Sales

Alcaidesa Sales

Alcaidesa €230,000 A spacious, 3 bedroom, 3 bathroom townhouse in the heart of Alcaidesa. Set over 4 floors, accommodation includes a large living/dining area, a fully fitted kitchen and a large basement. Patio doors lead out onto a garden and terrace. The property also benefits from car port parking, a community pool and gardens.

Alcaidesa €550,000This delightful townhouse is set in a small urbanization overlooking the golf course and the sea. The property has 3 bedrooms and 3 bathrooms and benefits from a large living/dining area, an open fire, a fully fitted kitchen and several terraces with uninterrupted views of the sea and the Rock of Gibraltar. There is also a garage, a large community swimming pool, paddle courts and community gardens.

Alcaidesa €260,000A 3 bedroom, 3 bathroom semi-detached home in a popular urbanization, with views to the sea and lighthouse. The property benefits from enclosed gardens, a car parking space and a community swimming pool. Alcadesa is easy commutable distance to Gibraltar.

Alcaidesa €895,000A spectacular 5 bedroom, 4 bathroom, modern house set in a quietcul-de-sac in the heart of Alcaidesa. This spacious property is furnished to a very high standard and has a private swimming pool with terracing, ideal for outside entertaining. It is a short walk to the beach and an easy commute to Gibraltar.

Alcaidesa Lettings

€1,000 pcmAlcaidesa3 bed / 2 bath / communal pool


An attractive house with garden, in a much sought after urbanisation in the heart of Alcaidesa. The property offers 3 large size bedrooms, with an en-suite bathroom to the master and a family bathroom. There is also a fully fitted kitchen, a separate utility room, a large living/ dining area and a downstairs toilet. The patio doors lead out onto a fully enclosed garden and a paved area for outdoor living. Facilities include a community swimming pool, car port parking and a paddle court. This security gated urbanisation is close to the beach with an easy commute to Gibraltar.

Sotogrande Alto €795,000This charming 4 bedroom villa is located in a quiet cul-de-sac in Sotogrande Alto. Its southerly aspect allows for all day sunshine.The house comprises: an entrance hall, 4 bedrooms, a large living room, a dining room and a fully fitted kitchen.

Sotogrande Alto €1,200,000An impressive 3 bedroom villa, built to a very high standard, including underfloor heating and air-conditioning throughout. This minimalist and very manageable house benefits from a private and manicured garden and a lovely swimming pool.

Sotogrande Marina €485,000This 3 bedroom second floor apartment is ideal for boat lovers. Located in a prestigious block close to Sotogrande Port, it offers alarge sitting/dining room, a large modern fully fitted kitchen. and a 33 sq m covered terrace with glass blinds.

Sotogrande Alto €950,000This well-built charming 4 bedroom villa is located in a quiet cul-de-sac in Sotogrande Alto. It has spectacular views to the Almenara golf course and lake. The south westerly aspect allows for day long sunshine, and its proximity to the international school makes it an ideal property for a family.

Sotogrande Sales

Sotogrande Lettings

€1,900 pcmSotogrande Alto4 bed / 3 bath / private pool


Immaculate, 4 bedroom semi-detached villa available for rent. Located in a very popular development within Sotogrande and situated close to the international school, this villa is ideal for a family looking for a quality home on a long-term rental basis. The villa is fully equipped and furnished and the price shown is the monthly rental price for a long-term rental, including gardener.

Sotogrande Alto €750,000Set in lovely gardens in Sotogrande Alto and on a 1400 sq m plot, this 4 bedroom villa makes a charming family home ideal for year round living. Accommodation includes a large drawing room, a dining room, a kitchen/dining room and a utility room.

Sotogrande Alto €600,000A beautiful villa built on two levels, providing 3 bedrooms, a large reception room and a spacious family kitchen. Located in the peaceful Sotogrande Alto area, it enjoys privacy and overlooks green zones.

Sotogrande Costa €2,900,000Set in beautiful gardens on a large plot, this 5 bedroom villa is verywell presented. It is located in the heart of Sotogrande, in one of the most prestigious areas overlooking fairways of the Sotogrande Golf Club. The villa is also close to the yacht club, polo fields and tennis clubs.

Sotogrande Alto €790,000A south facing, 4 bedroom family home, well designed for both holiday use or for year round residence. Enjoying a very private garden and swimming pool, the property has views to the San Roque golf course from the terrace.

Sotogrande Sales

Finca Tutayan II is a newly refurbished 5 bedroom, 4 bathroom villa, centrally located in its grounds of approximately 10 hectares. The estate comprises its own mountain with the villa situated at the top. From the gardens you benefit from a 360° view towards Gaucin, Casares, and Jimena. Finca Tutayan II is located 5 minutes drive from Jimena and 20 minutes from Sotogrande.

€975,000 Finca Nr Jimena de la Frontera5 bed / 4 bath / private pool / views / 264 sq m


Sotogrande Sales

A unique opportunity to acquire this impressive villa situated in a prime waterfront location on Mallorca’s southwest coast. This exceptional property is set in a quiet residential area, within a short walk from an array of amenities, including the exclusive Puerto Portals marina, a long sandy beach, restaurants and shops. The property is approximately a 10 minute drive from Palma. Accommodation includes 6 bedrooms, 6 bathrooms, a guest apartment, a private pool and a jacuzzi.

€6,900,000Puerto Portals, Mallorca6 bed / 6 bath / guest apartment / private pool / jacuzzi


International Sales

In an art-deco style, this spectacular ‘Belle Epoque’ development offers 21 apartments. These 1-3 bedroom apartments have exceptional views overlooking the sea. Located between Saint Tropez and Cannes, Agay Bay is a jewel in the crown of the Côte d’Azur. The town is well established and offers a full range of services. Completion is expected in June 2014.

From €290,000 Côte d’Azur, France 1-3 bed / views


International Sales

A prestigious 230 sq m farmhouse with a beautiful view of the Tuscan countryside, only a short walk from San Casciano dei Bagni. Spread over two levels, it comprises a Tuscan farmhouse porch, a living room with fireplace, a dining room, a kitchen with fireplace, a double bedroom with en-suite bathroom, 2 further bedrooms, 2 bathrooms, a separate cloakroom, an outbuilding of about 35 sq m that has been converted into a charming annex for guests, a swimming pool with panoramic views and around 1.8 hectares of private grounds.

€1,350,000Tuscany, Italy 3 bed / 4 bath / annex / swimming pool / 1.8 ha


International Sales

International Sales

€1,950,000Fort Chambray, Gozo, Malta3 bed / 4 bath / private pool


This luxury development is situated on the island of Gozo, in the unique setting of a 17th century fort with stunning views of the Maltese islands and the sea beyond. Positioned on high ground this semi-detached villa comprises of 3 bedrooms, 4 bathrooms, a fully fitted kitchen, a cinema in the basement and an open plan living/dining room leading to a private pool area.

A beautifully presented maisonette of c. 2415 square feet with its own very grand street entrance.Retaining its period features including high ceilings with cornicing, shuttered windows and benefiting from wood flooring, this Belgravia property is ideal for entertaining. Tastefully decorated throughout, accommodation comprises of a drawing room, dining room, 4 double bedrooms, 4 bathrooms and a kitchen.

£2,950 pwEaton Place, Belgravia SW1X 4 bed / 4 bath / period features


London Lettings

An exquisite penthouse apartment, situated on the 8th floor of a 24 hour portered building in the heart of Knightsbridge, with extensive views over Hyde Park. The apartment comprises of 3 spacious double bedroom suites, an excellent dining/reception space and a large kitchen/breakfast room. With an abundance of natural light, the apartment boasts far-reaching views from all rooms, air-conditioning throughout and a lift. Share of freehold.

£9,750,000 Parkside, Knightsbridge SW1X 3 bed / 3 bath / views


London Sales

A

Map data © OpenStreetMap contributors, CC-BY-SA www.openstreetmap.org / www.creativecommons.org

KeyA Chesterton, 20 Ocean Village Promenade, Ocean Village1 Admirals Place2 Anchorage3 Atlantic Suites4 Clifftop House5 Cliftons6 Europlaza 7 Eurotowers8 Filomena House9 Genista House10 Kings Wharf11 Little Genoa12 Lord Napier Mews13 Marina Bay14 Ocean Village15 Portland House16 Queensway Quay17 Rock Gardens18 Rosia Plaza19 The Island20 The Sails21 Tradewinds22 Watergardens23 The Sanctuary24 Buena Vista Villas

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Barnes Battersea Rise Camden and Regents Park Canary Wharf and Docklands Chelsea and South KensingtonChiswickCovent Garden and West EndEast SheenFulham Munster RoadFulham New Kings RoadFulham RoadHampsteadHyde Park and MaryleboneIslingtonKensington and Notting HillKentish TownKewKnightsbridge and BelgraviaLittle VeniceMayfair and St JamesNotting HillPimlicoPutneySt John´s WoodTower Bridge

BlandfordBridportCanterburyChichesterChippenham CirencesterEast Grinstead HerefordHonitonLincolnLudlowMarlboroughNorwichNottinghamPetersfield SalisburySevenoaksSherborneSouthamptonStamfordTauntonTenterdenTruroWadhurstYeovil York

London Offices

T: + 350 200 40041 F: + 350 200 44011 [email protected] chesterton.gi


Personal Income TaxIndividuals can opt to be taxed under one of two systems, whichever is most advantageous.

(i) Gross Income Based System (GIB)Tax is calculated on gross assessable income:First £17,000* 16%£17,001 to £25,000* 19%£25,001 to £40,000 25%£40,001 to £105,000 28%£105,001 to £500,000 25%£500,001 to £700,000 18%£700,001 to £1M 10%Over £1M 5%* Individuals with gross assessable income not exceeding £25,000 pay at 6% on the first £10,000, 20% on the next £7,000 and the balance at 28%.

(ii) Allowances Based System (ABS)Tax is calculated on net taxable income, after being reduced by allowances and deductibles. The net income is then taxed at the following rates*:First £4,000 15%Next £12,000 24%Over £16,000 40%* Individuals earning £10,000 or less pay no tax. Tapering relief is available between £10,001 and £19,500. A tax credit of £300, or 2% of the resultant tax liability (whichever is greater) is then applied.

Special Tax Status for IndividualsAvailable for applicants satisfying eligibility criteria and subject to the rental or purchase of an approved residential property.

(i) High Net Worth Individuals (Category 2)Persons with net wealth of £2M+ can apply to pay tax only on their first £80,000 of taxable income, equivalent to tax of approximately £29,000, but subject to a minimum of £22,000.

Notice: This note provides general information on the Gibraltar tax system which may be of interest. It is not intended to be comprehensive and should not be construed as professional advice.

(ii) High Executive Possessing Specialist Skills status (“HEPSS”)Relocating executives with relevant skills pay tax only on the first £120,000 of their assessable income (maximum tax approximately £30,000). A minimum salary of £100,000 is required.

QROPSIt is possible to transfer a UK pension to Gibraltar under QROPS rules. A tax free lump sum of 30% is available and with income drawdowns subject to income tax at a flat rate of 2.5%.

Other TaxationAs well as a favourable income tax regime, Gibraltar has no taxes on:

Savings income (dividends and interest). Royalties and capital gains. Wealth, gifts, estates and inheritance. Sales (e.g. VAT).

Stamp Duty on Real EstatePurchase Price RateTo £200,000 NilFrom £200,001 2.0% on first £250,000to £350,000 5.5% on balanceOver £350,000 3.0% on first £350,000 3.5% on balanceA regime has been proposed for first and second time buyers under which no stamp duty would be due on purchases of up to £250,000.

Company Income Tax10% standard rate. Tax is charged on income which is “accrued in or derived from” Gibraltar.There are no withholding taxes on the payment of interest, royalties and dividends. However, interest paid between connected companies is subject to tax at 10% where the recipient is a Gibraltar company and the amount is £100,000 or more p/a.

Information provided by: Almanac Limited, 30/2 Cornwall’s Lane, GibraltarT: +350 200 42250 E: [email protected] www.almanac.gi

Gibraltar Tax Tablesfor the year ending 30 June 2014.

International UK OfficesAustraliaBarbadosFranceGibraltar ItalyMaltaRussiaSingaporeSouth AfricaSpainUnited Arab Emirates

Barnes Battersea Rise Camden and Regents Park Canary Wharf and Docklands Chelsea and South KensingtonChiswickCovent Garden and West EndEast SheenFulham Munster RoadFulham New Kings RoadFulham RoadHampsteadHyde Park and MaryleboneIslingtonKensington and Notting HillKentish TownKewKnightsbridge and BelgraviaLittle VeniceMayfair and St JamesNotting HillPimlicoPutneySt John´s WoodTower Bridge

BlandfordBridportCanterburyChichesterChippenham CirencesterEast Grinstead HerefordHonitonLincolnLudlowMarlboroughNorwichNottinghamPetersfield SalisburySevenoaksSherborneSouthamptonStamfordTauntonTenterdenTruroWadhurstYeovil York

London Offices

Viewings strictly by appointment via the vendor’s sole agent

T: + 350 200 40041 F: + 350 200 44011 [email protected]

chesterton.gi


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International Property Collection Gibraltar Edition Autumn 2013

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