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68 Park Street, Bristol, BS1 5JY
Product Description
68 Park Street, built c.1800, is a Grade II listed, mid Georgian style, four storey terraced retail property extending from Park Street back to Park Row. The property has prominent retail frontage onto Park Street. Internally the unit is currently configured as sales accommodation to ground and first floors, with the first floor providing a café with courtyard seating. The second floor provides gallery space, store and staff rooms and office with the third floor being used for storage. The Bristol Guild, has been in occupation of the property since the 1970’s but the property will be sold with vacant possession.
The property is Grade II listed and sits in the Park Street & Brandon Hill Conservation Area. The following planing policies are relavant to the property:
BCS2 – City Centre & Bristol Central Area Plan
BCS7 & BCAP 16 – Primary Shopping Frontages (Frogmore Street to Park Street Avenue)
BCAP13 – Primary Shopping Frontages (Park Street & Queens Road)
BCS22 – Conservation Areas
We are of the opinion the property presents a good opportunity to reposition the retail offer on the ground floor, reinstating to 2No retail units, with potential conversion of the upper floors to residential uses, subject to the necessary planning and listed building consents.
The majority of the property is held freehold. A portion of the property at the rear (café area) is held on the balance on a long lease for a term of 999 years, dated 14 February 2023 made between Farleigh Rengen (The Guild) Ltd and Bristol Guild of Applied Art Limited. The lease is granted at a peppercorn rent and restricts use of this area to A1 (Retail) or A3 (Café) or for any other use for which the Landlord has given its prior written approval (such approval not to be unreasonably withheld or delayed).
Location
Bristol is the biggest city in the South West and one of the 11 "Core Cities" of the UK. Bristol has grown at the second-fastest rate among all Core Cities in England and Wales over the past ten years, with a population of 479,200 in mid-2022. The city is a major economic hub in the South West of England, contributing significantly to the regional and national economy. Key sectors driving the city's economic activity include aerospace, creative and digital industries, finance, professional services, and tourism. Bristol is served by excellent transport connections, with the M32 with the M4. Additionally, Bristol Temple Meads railway station connects to Birmingham New Street station and London Paddington, the latter having a journey time of 1.5 hours.
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The property is situated on Park Street, which links the suburb of Clifton with Bristol City centre. Park Street has a varied mix of occupiers including fashion, food and beverage, and other retailing uses on the ground floors, generally with residential accommodation over the uppers. Nearby occupiers include Finisterre, Boston Tea Party, Jigsaw, Nandos and Ace & Tate. Park Street has long been associated with independent retailers. Increasingly businesses are geared to both the specialist and student markets.
Map
MAP GOES HEREProperty Quote Price
| Tenure | Guide Price | Price Type |
|---|---|---|
| On-application | £0 |