Rare freehold opportunity to acquire City Centre brownfield site, in the heart of Temple Quarter with significant redevelopment potential. (Subject to necessary consents)
- Freehold site, available with Vacant Possession
- 0.57 Acres (0.23 Hectares)
- Broadly Rectangular configuration
- Mix of tarmacadam and concrete surface
- Secure site with access provided via Victoria Road
- Currently owner occupied and used as bottled gas sales yard
Location
Rare City Centre location.
Located in St Philips Marsh, approximately one mile (1.6 km) east of Bristol City Centre.
St Philips is a strategic regeneration zone, currently undergoing significant development due to the University of Bristol £300m Temple Quarter Enterprise Campus.
Situated off Albert Road, providing access to the A4 Bath Road to the South and through to Bristol City Centre and Bristol Temple Meads Train Station to the North.
Accommodation
Gross site area extends to 0.57 acres (0.23 hectares)
Terms
Planning:
- Current shortfall of 392 students beds within the current Temple Quarter Allocation. A portion of which could be absorbed within this site, subject to necessary consents.
- Numerous validated and consented PBSA planning applications within the immediate surrounding area of up to 22 storeys.
- Based on the site’s configuration, there is potential to provide a density of up to 1,650 student beds per hectare, in line with recently consented schemes, subject to necessary consents.
- There are no trees subject to a tree preservation order (TPO) within the site.
- Desk top planning summary available upon request.
The site has been assessed in Bristol’s Strategic Housing Land Availability Assessment (SHLAA) April 2024 as part of DS3: St Philip’s Marsh.
A broad summary of potential is provided:
Comprising mainly industrial and distribution uses with elements of transport, energy and waste infrastructure, the St. Philip’s Marsh area has significant potential for the more efficient use of land in a central location. The Temple Quarter Development Framework proposes major mixed-use regeneration in St. Philip’s Marsh and the adjoining Bristol Temple Quarter and will be supported by a detailed masterplan in due course. Proposals for the area include thousands of new homes, new jobs and a major new campus for the University of Bristol. St. Philip’s Marsh has major frontages to the River Avon and Feeder Canal and is within the scope of the Bristol Avon Flood Strategy which proposes major defences against tidal flooding.
Method of Sale - The site is being offered for Freehold sale by Informal Tender with Vacant Possession.
Tenure - The Property is held Freehold under HM Land Registry Title Number BL116506.
Price - Expressions of interest and offers are invited for the Freehold interest on either an unconditional, or conditional basis.
All offers will be considered on their merits, there will be no obligation to accept the highest or any offer.
VAT - All figures are quoted exclusive of VAT, which will be charged at the prevailing rate.
Environmental Conditions - The purchaser will accept all liability relating to environmental conditions upon completion of the sale. The seller will provide copies of any available technical reports in their possessions to support any pre-acquisition due diligence.
Costs - Each party will be responsible for their own legal, surveyors, consultants or other costs incurred in any transaction.
Anti-Money Laundering - The successful purchaser will be required to provide the usual information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- RARE CITY CENTRE LOCATION
- GROSS SITE AREA EXTENDS TO 0.57 ACRES (0.23 HECTARES)
- ADJACENT TO TEMPLE ISLAND DEVELOPMENT
- STRATEGIC LOCATION WITH SIGNIFICANT DEVELOPMENT ACTIVITY ACROSS THE IMMEDIATE SURROUNDING AREA
- POTENTIAL FOR HIGH VALUE STUDENT, CO-LIVING OR RESIDENTIAL USES, SUBJECT TO PLANNING
- 400M FROM NEW EASTERN ENTRANCE AT BRISTOL TEMPLE MEADS STATION
- CLOSE PROXIMITY TO THE NEW TEMPLE QUARTER ENTERPRISE CAMPUS