90 Victoria Street, BristolPosted on January 30, 2015
In January 2015 Clay Street acquired the long leasehold interest of 90 Victoria Street, Bristol for Loxton Developments.
The 24,000 sq ft property, constructed in the 1980’s, is located in close proximity to Bristol Temple Meads train station and Temple Quay and is a short walk from Cabot Circus. The property was acquired fully vacant providing the opportunity for Loxton Developments to undertake a comprehensive refurbishment programme and thereby offering Grade A office accommodation into a City Centre market suffering a supply versus demand imbalance of such stock.
The property was acquired for £2.4m, reflecting a low capital value figure of circa £100 per sq ft.