More than two decades have passed since the landmark building was last on the market.
Leading commercial property consultancy Hartnell Taylor Cook has today announced that Clifton Heights, a historic tower building in the heart of Clifton, has come onto the market.
Set in one of the most desirable neighbourhoods in Bristol, the sale will be held jointly with commercial real estate advisory Griffiths Eccles, and is seeking offers in excess of £16 million. This is the first time in over two decades that Clifton Heights has been brought to market and its sale marks a new dawn for the landmark building, presenting a unique opportunity to reposition a prime building in a top UK city.
The freehold property constitutes a total net area of 71,767 sq. ft., primed for redevelopment. There is potential to repurpose and extend the site to provide Grade A office, residential scheme, student accommodation, or hotel development, subject to planning. Initial appraisals suggest the potential for the building to be transformed into 119 apartments, 261 student studios or a 238-bed hotel; and in addition, a considerable 22,825 sq. ft. of additional massing may also be obtained as part of redevelopment plans. Competitively placed in one of the most expensive residential markets in the UK, the site promises to drive significant returns.
Located on the doorstep of the University of Bristol campus, Clifton Heights is just a stone’s throw away from the parades of boutique shops, trendy bars, heritage architecture, and restaurants that populate Park Street. The landmark office building offers office accommodation on 13 floors, with retail and leisure at ground floor. In the immediate term, 26,830 sq. ft. of office space is vacant and available for occupation, boasting panoramic views of the city, comfort cooling, cycle storage, shower facilities, 4 lifts, and secure parking provision for 58 vehicles.
Commenting on the sale, Ian Lambert, Investment Partner at Hartnell Taylor Cook said: “We are delighted to bring Clifton Heights to the market alongside Griffiths Eccles. It’s an iconic building that has been part of Bristol’s skyline for years; the opportunity to reposition the property is really unparalleled. Set against a backdrop of strong economic growth in Bristol and amid a young and dynamic population, we’re really excited to see where Clifton Heights takes us.”
Further details are on our property pages here: https://htc.uk.com/property/clifton-heights-triangle-west-bristol/
Contact details: [email protected] or call: 07774 468 265
Notes to editors:
Founded in 1922, Hartnell Taylor Cook LLP is a leading independent commercial property consultancy, managing over £2.5b of property across the UK including over one million sq ft of Grade-A London offices. Working on behalf of a diverse and extensive client base that includes occupiers, investors, high net worth individuals, family offices and developers, the firm advises a breadth of national clients including Marks and Spencer Plc, Tesco, ATS Euromaster and The Maritime and Coastguard Agency.
