Town Area

Freehold Investment Opportunity – Turnbull’s Lane

BFA is pleased to present a rare opportunity to acquire a freehold, income-producing property located at Turnbull’s Lane, just moments from Gibraltar’s bustling Main Street. Situated within the historic town centre, this characterful property comprises a collection of adjoining residential buildings arranged around an internal courtyard, together with two ground-floor vaulted storage units.

The asset currently generates a gross annual income of £29,040, representing a gross yield of approximately 3.4% at the asking price, while offering significant long-term reversionary and redevelopment potential for experienced investors.

The property consists of 14 residential flats, the majority of which are currently occupied by long-standing tenants under rent-control restrictions. In addition, the property includes two vaulted storage units, both currently let and generating £950 per month combined.

While the building requires refurbishment, it presents multiple investment strategies, including upgrading the existing apartments to modern lettable standards or exploring potential redevelopment opportunities (subject to planning permission).

Key Investment Highlights

• Freehold property in a central historic location
• 14 residential units (majority rent-controlled)
• Two ground-floor vaulted stores generating income
• Current gross income of £29,040 per year
• Vacant and decontrolled units offering upside potential
• Significant asset management and redevelopment potential
• Walking distance to Main Street, businesses, and tourist areas

This is a compelling investment opportunity for developers and investors seeking long-term capital appreciation and value creation in Gibraltar’s prime town centre.

Viewing by appointment only.

To arrange, please call BFA on 200 71131 ore email us on info@bfagib.com.