Clifton Heights, Triangle West, Bristol

Full Description

The freehold property is arranged to provide 71,767 sq ft comprising office accommodation arranged over 13 floors, with retail and leisure at ground floor. The opportunity includes 58 secure car parking spaces.

Part lower ground and ground floor is let to The Brass Pig public house, with the destination store, Forbidden Planet, occupying the other retail unit, overlooking Triangle West. The first and second floors provide office accommodation at podium level with parking behind, with floors 3 - 14 arranged as north and south office suites in the tower. The building has been managed to achieve a block date for obtaining vacant possession, no later than December 2026 and all leases are contract outside Security provisions of Landlord and Tenant Act 1954.

An acquisition offers an excellent opportunity to completely reposition the building by obtaining vacant possession, redevelop and extend, providing a Grade A office building, residential scheme, student accommodation or hotel, subject to planning. A copy of a full Planning Report prepared by Rapleys is available in the data site.

Features

• Iconic building currently arranged as approximately 71,767 sq ft of office, retail and leisure accommodation.
• Let to six tenants, currently producing a gross income of £1,001,695 per annum.
• Managed to achieve a block date for obtaining vacant possession, no later than December 2026.
• All leases outside Security provisions of Landlord and Tenant Act 1954.
• Excellent repurposing opportunity with options including student, residential and hotel development
• Potential to increase massing (subject to planning).
• We are instructed to seek offers in excess of £16,000,000 (sixteen million pounds), subject to contract and exclusive of VAT, representing a low capital value of £223 per sq ft.

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