Summary - 105 SOUTHGATE STREET GLOUCESTER GL1 1UT
1 bed 1 bath Not Specified
Turnkey, high-yield mixed-use investment opposite Gloucester Quays — Grade II listed.
Freehold mixed-use: shop plus four self-contained flats, all currently let
Grade II listed — restrictions on alterations may add cost and delay works
Gross rental £53,400 pa; gross yield circa 10.7–10.9% at asking price
Shop currently a barber; retail unit with prominent Southgate Street frontage
Two 1-bed and two 2-bed flats; compact city-centre apartment stock
One off-street parking space to the rear; no private garden
Located opposite Gloucester Quays — strong pedestrian footfall for retail
Area classed as very deprived with high crime — impacts insurance/letting
This Grade II listed mixed-use freehold offers a ready-made income stream: a ground-floor barber shop plus four upper flats, all currently let. The property sits directly opposite Gloucester Quays, giving strong pedestrian exposure for the retail unit and easy access to town-centre amenities. Total gross rent at asking is £53,400 pa, producing a gross yield around 10.7–10.9% at the asking price.
The flats are compact city-centre apartments (two 1-beds and two 2-beds) arranged over upper floors, with the shop running to approximately 5.99m x 5.79m and rear access/utility and one off-street parking space. The building’s period features and high ceilings add character and appeal to tenants, while fast broadband and excellent mobile signal suit modern lettings.
Material considerations are clear: the Grade II listing restricts external and certain internal alterations, which may complicate refurbishment or conversion plans and can add cost. The property sits in a very deprived area with higher-than-average crime statistics; while this underpins current rental levels and yield, it also affects tenant mix, insurance and long-term capital growth prospects. The footprint is relatively small with no private garden.
For an investor seeking a turnkey, city-centre lot with immediate rental income and strong yield, this is a viable pick. Buyers needing redevelopment flexibility or low-risk neighbourhoods should factor in listing constraints and local area deprivation when pricing future works and financing.
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