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  • Colston 33, Bristol BS1 4UA

Sale:

Colston 33, Bristol BS1 4UA

Posted on December 20, 2019
Colston 33, Bristol BS1 4UA

In December 2019 Clay Street advised on the sale of this prime central Bristol office repositioning opportunity.

  • Distinctive office building with Bath Stone ‘Art Deco’ façade occupying a prominent position on Colston Avenue, at the heart of Bristol City Centre.
  • Prime Freehold refurbishment/repositioning opportunity.
  • Constructed over basement, ground and 4 upper floors totalling 46,156 sq ft (4,287.9 sq m).
  • First floor office and ground floor café unit let to Rise Technical Recruitment Limited and South & Island Ltd respectively, producing an annual rent of £236,939 pa, with the remaining accommodation currently vacant.
  • Recently refurbished reception, part ground, second and third floors.
  • 43 secure car parking spaces.
  • Potential for change of use, subject to the necessary consents.

After a competitive marketing process the transaction concluded at £9,800,000 reflecting a capital value of £212 per sq ft. The asset was acquired by Topland with advice provided by JLL.


 

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