Town Area
9 photographs, pooled from 2 agents marketing this property: Chestertons Gibraltar, Levy Real Estate.
Description
A rare opportunity to acquire a freehold mixed-use investment property in the heart of Gibraltar’s town centre, prominently situated on Parliament Lane, a well-established pedestrian route linking Main Street and Irish Town. The property comprises three ground floor commercial units, two of which are currently income-producing and let to established occupiers, with one unit now vacant, providing an immediate opportunity for reletting or owner occupation. The commercial accommodation are circa 33sqm, 15 sqm and 19 sqm respectively. Above the retail accommodation lies a substantial residential unit arranged over the upper floors, currently vacant and offering significant refurbishment and development potential. The residential accommodation provides approximately 184.57 sq m of internal space, together with 42 sq m of external yard and terrace areas. The scale and configuration of the residential element allows flexibility to create either a large single residence or multiple apartments, subject to refurbishment and the necessary statutory consents. The property has been unoccupied for a number of years and presents an opportunity to unlock value through redevelopment. For more information, or to arrange a private viewing, please contact out office on or via email to
| Agent | Their price | Status | Contact | |
|---|---|---|---|---|
| Chestertons Gibraltar | £995,000 | on the market | Call Email | Their listing |
| Levy Real Estate | £995,000 | Under Offer | Call Email | Their listing |
| Bray Properties | £995,000 | on the market | Call Email | Their listing |
Matched as one property because the address, price and type line up. If two agents quote different prices, both are shown as published — we do not pick one.
How Bray Properties describes it
Discover the perfect blend of tradition and potential with this substantial 182 sq m property. Nestled directly within the vibrant pulse of Main Stree [...]
Where it is
What's on near Town Area
10/01GIBFIBRE Road Runners League (series of 7)Gibraltar Amateur Athletics Association10/01Tango Laser Open
Royal Gibraltar Yacht Club (RGYC)10/03Algeciras Magic Festival 2026
Edificio Antiguo Hospital Militar, Ayuntamiento de Algeciras10/04Gibraltar
Gibraltar International Airport
What's nearby 314 places
Getting there
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Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Town Area Town Area | 0 min walk | 2 | £549,500 |
| Main Street Town Area | 0 min walk | 2 | £450,000 |
| Town Area Town Area | 0 min walk | 1 | £195,000 |
| Main Street Town Area | 0 min walk | 2 | £675,000 |
| Town Area Town Area | 0 min walk | 3 | £825,000 |
| Town Area Town Area | 0 min walk | 6 | £1,300,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
6 other properties in Town Area advertised at within 25% of this price with a similar number of bedrooms. Their median asking price is £825,000 — this one is asking 21% more. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Main Street | Town Area | 3 | £995,000 | same |
| Gardiner's View | Town Area | 3 | £899,995 | -10% |
| Trafalgar House, Town Area, Gibraltar | Town Area | 4 | £825,000 | -17% |
| Trafalgar House Magic | Town Area | 3 | £825,000 | -17% |
| Town Area | Town Area | 3 | £825,000 | -17% |
| Trafalgar House | Town Area | 4 | £799,500 | -20% |
