PG16994 - Commercial Building - Main Street

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UNDER OFFER

Commercial | Ref: TOW365

Main Street

£2,395,000

£6,746 per sqm

340 m²
30 m²

Tenure:: Leasehold

FOR SALE | Mixed-Use Freehold Investment Property

A rare opportunity for a discerning investor to acquire a substantial mixed-use freehold property in the heart of Gibraltar’s town centre, conveniently located along the bustling Main Street. This well-maintained five-storey building combines stable commercial income with recently refurbished residential accommodation, offering an attractive balance of yield and long-term capital appreciation. The building was completely redeveloped and refurbished to a good standard in 2024/25, significantly enhancing its quality and appeal. The majority of the apartments are currently occupied, while both ground-floor commercial premises are fully let to established tenants on medium to long-term leases, providing dependable rental income. The first-floor commercial space is currently used as an office suite and leased on a monthly rolling contract. This unit could potentially be converted into a one-bedroom apartment, subject to statutory approvals, further enhancing the RoI. With strong tenant demand, a prime central location, and limited availability of comparable freehold opportunities, this property represents a high-quality, income-producing investment in one of Gibraltar’s most sought-after locations.

Key Features;

Substantial property with a total floor area of c.370 sqm
Fully income producing, generating approximately £ 134,400 p.a.
Attractive yield with potential to increase upon conversion of the first-floor office suite
Recently redeveloped to a contemporary specification and good standard
Five fully furnished apartments (one and two bedroom layouts)
Two ground-floor commercial units fully let on medium- to long-term leases
First-floor office suite with potential to convert into a one-bed apartment (STPP)
Prime position on Main Street, within Gibraltar’s main retail and tourist district
Strong long-term capital growth potential in a tightly held market

Opportunities of this calibre and location are increasingly scarce in Gibraltar, making this a compelling acquisition for investors seeking stable income, asset quality, and long-term value creation in the territory’s principal commercial thoroughfare.

Please contact us today for further details and to arrange a viewing.

£2,395,000

£6,746 per sqm

About Main Street

Main Street is the pulsating artery of Gibraltar. Stretching from Casemates Square to Southport Gate, With internationally known stores, local specialist shops and bars and restaurants, Main Street is unique and constantly changing.

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