68 Park Street, Bristol, BS1 5JY

Situation

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.

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).

The property benefits from the following floor Areas:- 10,483 sq ft (Retail areas measured on NIA basis and upper floors measured on GIA basis)

We recommend interested parties make their own enquiries with the Rating Authority to verify rates payable considering their particular circumstances.

An EPC has been commissioned and is available upon request.

Further Information

We are instructed to offer the sale by way of private treaty, both conditional and unconditional offers will be considered, albeit unconditional offers are preferred.

Price on application.

For further information or to arrange a viewing please contact the sole agents at CSquared, Nathan Clark or Emily Dagg.