There are some issues. Looks a bit soft to me, the blown out sky doesn't do it any favours, the buildings look like it needs straightened and the lighting isn't great.
I do like the repitition of the red, thats a good spot but I think it would be better if the people were facing you, shots from the back seldom work well. I think is a cool wee alley with some nice buildings and some interesting things going on