Unique mixed-use development opportunity (with consent)
Bristol is the commercial capital of the South West of England and is the third largest financial centre in the UK. It is located approximately 120 miles west of London, 80 miles south of Birmingham and approximately 40 miles to the east of Cardiff. The city benefits from excellent road communication being conveniently located at the junction of the M4 and M5 motorways providing access to London, South Wales, the South West and the Midlands. Bristol Temple Meads station provides a direct rail link in 1 hour 45 minutes to London Paddington and the wider railway network. With a population of over 720,000 and the 8th largest city in the UK, Bristol also benefits from two universities; University of Bristol and University of the West of England bringing a student population of over 60,000 to the city. The site is located in the busy and affluent area of Clifton approximately half way down Park Street on the eastern side to the rear of the retail units. Park Street runs from Bristol Cathedral in the south to the Wills University Building in the North and benefits from a mix of both independent and national retail occupiers and restaurants. The property is within walking distance of Cabot Circus and Broadmead shopping areas, the city centre and Clifton Village. The wider surrounding area encompasses the desirable residential location of Clifton which includes several new-build residential schemes and many of the upper floors of nearby retail units have been converted to provide residential and student accommodation.
The site has planning consent for the partial demolition and erection of 9 apartments and 957 sq ft of office and café refurbishment. The 9 apartments consist of 5x2 bed and 4x1 bed units. An additional planning consent has been granted for a further side office extension of 1,799 sq ft over ground and first floors. Please note: The Guild retail unit is currently trading and the purchaser will be required to provide a partial café refurbishment and communal facilities forming part of the consented scheme. A detailed explanation and description of the delivery requirements and specification of works is available in the Information Pack.
The property comprises an area of hard standing to the rear of The Guild as well as a number of existing structures and extensions resulting from the remodelling of 68 Park Street since its original construction in 1785. These house a café, kitchen, toilets, storage, and staff facilities for The Guild and storage for the Ken Stradling Collection. While the principal retail customer entrance to The Guild is from Park Street, the vehicular and pedestrian access for the new development will be from Park Row. The consented scheme will provide a mixed use residential and modern small-scale employment space, located in a substantial and desirable location to the rear of Park Street. The site will be accessed from Park Row and will provide a high quality, new residential building containing 9 apartments, alongside dedicated secure cycle parking and waste storage. The office extension sits alongside, providing 1,799 sq ft over two floors, including a small outdoor amenity area and cycle parking facilities.