Summary - Retail/Residential Investment, 6-10 Longsmith Street, Gloucester, GL1 2HH GL1 2HH
1 bed 1 bath Commercial Property
Immediate lettable retail and refurbished communal residential in a high-footfall street.
Freehold mixed-use building on Longsmith Street, central city location
Two self-contained ground-floor retail units with strong frontage
Upper floors refurbished into five single bedrooms and communal areas
Total area approximately 2,399 ft² (222.85 m²)
Offers in the region of £425,000, subject to tenancies
Very high local crime and very deprived area may impact costs
Building shows external maintenance needs (windows, flat roof)
Low ceiling heights and small plot limit conversion potential
This mixed-use freehold offers a city-centre rental portfolio in a highly visible location on Longsmith Street, close to Gloucester Cross and the Eastgate Centre. Ground floor features two self-contained retail units while the upper floors provide recently refurbished communal residential accommodation arranged as five single bedrooms with communal kitchen/dining and shared sanitary facilities — suited to HMO rental or continued multi-let residential use. Offers in the region of £425,000 for the freehold are invited, subject to existing tenancies.
The building’s mid-century concrete frame and large frontage windows deliver good natural light and clear retail presence, supporting footfall from nearby national occupiers and leisure destinations such as Gloucester Quays. Residential spaces have been refurbished, reducing short-term capital expenditure for letting, and the property benefits from excellent mobile signal and fast broadband — useful for student or professional tenancies.
Buyers should note material considerations: the area is very deprived with very high recorded crime rates, which may affect tenant mix, insurance and management costs. The building shows signs of external maintenance needs (aluminum windows, flat roof) and has generally low internal ceiling heights, which limit conversion options and some tenant appeal. The small plot size restricts scope for extension.
For an investor seeking a compact, city-centre income asset with immediate lettable accommodation and clear repositioning potential, this freehold provides multiple income streams and a straightforward management profile. Prospective purchasers must review the tenancy schedule and consider higher operating and risk premiums associated with the location and required external maintenance.
High street retail property for sale in 7 Eastgate Street, GL1 1NS, Gloucester, GL1 1NS, GL1 — £300,000 • 1 bed • 1 bath • 1209 ft²
High street retail property for sale in 60-62 Westgate Street, Gloucester, GL1 2NF, GL1 — £365,000 • 1 bed • 1 bath • 1990 ft²
High street retail property for sale in Sale Opportunity, High Street, Cheltenham, GL50 — £950,000 • 1 bed • 1 bath • 6094 ft²
Shop for sale in 33 Westgate Street, Gloucester, South West, GL1 — £285,000 • 1 bed • 1 bath • 632 ft²
Office for sale in The Post Office , 28 Kings Square, GLOUCESTER, SOUTH WEST, GL1 — £650,000 • 1 bed • 1 bath • 11150 ft²
Residential development for sale in Blenheim Road, Gloucester, GL1 — £285,000 • 1 bed • 1 bath
