View Photos
Other commercial
For Sale £3,950,000
Town Area
Ref: 19524104
Int sq m: 755 sqmBrochure Add to
Favourites
Other commercial for sale in Town Area
For Sale £3,950,000
About the Property
Chestertons is delighted to present this exceptional colonial-style commercial building for sale, ideally located in the heart of Gibraltar’s historic Pitman's Alley. Rich in character and architectural heritage, this distinguished property offers a rare investment opportunity. Its original colonial features lend timeless charm, making it a compelling choice for investors seeking both aesthetic appeal and financial performance.
The building boasts a substantial internal footprint, enhanced by a range of communal amenities including courtyards, bathrooms, kitchens, storage areas, staircases, and wide corridors. Together, these elements create a versatile and welcoming space with strong commercial potential.
Positioned just steps from Gibraltar’s vibrant Main Street, the property enjoys excellent visibility and consistent foot traffic—key drivers behind its impressive rental yield, currently exceeding £260,000 per annum. This makes it an ideal acquisition for seasoned investors or those entering the commercial property market.
Beyond its current configuration, the property holds exciting redevelopment potential. Although previous planning permission for an additional floor has lapsed, the site could be expanded to over 1,500sqm across four to five levels. Similar projects in Gibraltar have successfully leveraged such opportunities to enhance both utility and profitability.
In essence, this is more than a property—it’s a chance to own a piece of Gibraltar’s architectural legacy while securing a high-performing asset in a prime location.
Additional Information
Internal 755 sq m
Features
- Strong rental yield
- Prime central location
- Investment opportunity
- Generous internal layout
- Redevelopment potential
- Historic colonial architecture
About the location
Gibraltar is a welcome home from home for any UK epxat or traveller and a “little slice of England” for anyone coming from further afield. It offers UK high-street shops as well as smaller boutiques, perfumeries, IT and gadget shops and a range of delights for any keen shopper. For anyone wanting more than shops, the Gibraltar Museum is a treat – filled to the brim with artefacts, models, displays and even the odd Mummie or two! There’s also plenty to keep you entertained including a rock boulder park, two cinemas screens, ten pin bowling lanes, an amusement arcade, restaurants and bars and a gym all housed in King’s Bastion Leisure Centre, a lovingly restored military fortress that was once used to defend Gibraltar against invading forces during the 18th century. For worship, tranquillity or reflectiveness, visit Kings Chapel, St Andrews Church, Holy Trinity Cathedral, The Great Synagogue and the Flemish Synagogue or Catholic Cathedral of St Mary the Crowned.
Area Guide