10-22 Victoria St, Bristol, BS1 6BN
Acquired in June 2015, Victoria Street, Bristol provides 47,000 sq ft of Grade A accommodation in a prominent location in Bristol’s CBD, lying equidistant from Bristol Temple Meads mainline station and the Broadmead / Cabot Circus retail areas. The location will strengthen further once the adjacent mixed-used Finzel’s Reach development, incorporating a new footbridge to the retail areas, is completed.
The property was newly developed in the late 1990s as a 33,000 sq ft office with part behind a Grade II listed façade and then comprehensively refurbished and extended in 2009 to provide high quality accommodation with 16 on-site parking spaces.
The low passing rent and short lease term offers an opportunity to add significant value by re-setting the rents to market levels and renewing or re-letting the space at lease expiry. There is also scope to further develop the offices by increasing the height and density of the property.