Rodney House and 2 Portland Street Clifton, Bristol, BS8 4AL Outstanding Mixed Use Investment Opportunity savills.co.uk
Rodney House and 2 Portland Street Outstanding Mixed Use Investment Opportunity Executive summary Imposing Grade II Listed Georgian townhouse with ancillary student accommodation block, both recently refurbished Currently comprising private residential, managed offices and student accommodation Total area of approximately 10,571 sq ft (982 sq m) GIA Occupies a prominent corner plot of 0.26 acres in prime Clifton location Parking spaces for at least 10 cars Currently generating approximately 230,000 per annum gross income Over 90% let with potential gross income in excess of 250,000 per annum Location The property is located in a prominent location on the corner of Clifton Down Road and Portland Street in Clifton, approximately 1.8 miles to the west of Bristol City Centre. Clifton is one of the most desirable parts of the city for commercial and residential occupiers with a thriving local environment characterised by attractive listed buildings, Brunel s Suspension Bridge, independent retailers and a wide range of popular bars and restaurants. Transport links are excellent with the M32, which connects Bristol to the M4, only 2.7 miles away. The mainline railway station, Bristol Temple Meads, is located 2.6 miles to the east. Local rail services can also be accessed via Clifton Down station, approximately 1.8 miles from the property. Vehicular access to the site is off Portland Street. Description The property comprises two separate buildings, Rodney House and 2 Portland Street, set within a prominent corner plot extending to 0.1 hectares (0.26 acres). Rodney House comprises a Grade II Listed Georgian property with accommodation arranged over five floors comprising; two, 3 bedroom apartments on lower ground and third floor and managed offices on ground to second floor. The office element comprises 11 individual suites benefiting from an attractive entrance hall with restored bath stone floor, boardroom, kitchen, WC facilities and separate shower and changing room.
Rodney House has been comprehensively renovated and refurbished over the past 12 months and is presented in good decorative order, retaining many attractive period features. 2 Portland Street is a three storey 1960 s building with accommodation comprising three 6 bedroom cluster apartments, each having a fitted kitchen with living area and separate bathroom and shower room incorporating WC s. 2 Portland Street has also been the subject of an extensive refurbishment over the past 12 months. Externally both properties share front and rear walled gardens, with hard landscaping providing off street parking for at least 10 cars together with bicycle storage facilities.
Planning Full planning permission and listed building consent for the current uses was granted on 27th April 2011 under application references 10/05033/F and 10/04966/LA. A copy of the planning documentation is available within the Information Pack at www.savills.com/rodneyhouse. Tenancy Schedule Rodney House is let on assured shorthold tenancies (apartments) and a series of short term business leases in respect of the managed office suites. 2 Portland Street is let to International House Bristol Limited until 30th June 2012 with an Agreement for Lease signed for a new 5 year Lease from 1st July 2012 with a 3 year mutual break option. A full schedule together with details of the current tenancy agreements can be found within the Information Pack. The property currently generates in excess of 230,000 per annum gross rental income. Tenure The site is offered Freehold subject to the existing tenancies as set out in the Tenancy Schedule. Bidders should satisfy themselves as to the terms of the tenancy agreements and the ability to gain vacant possession should it be required. VAT All terms quoted are exclusive of VAT where applicable. We understand that VAT will not be charged on the disposal of the property. Information Pack A marketing Information Pack is available for all interested parties at: www.savills.com/rodneyhouse Please note that the site is password protected - interested parties should contact Savills in order to gain access.
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Floorplans Rodney House BS8 4AL Rodney House GIA (approx): 671 sq m / 7223 sq ft N Portland Street BS8 4JH 2 Portland Street GIA (approx): 311 sq m / 3348 sq ft N Office 8 5.37 x 4.81 17'7 x 15'9 Office 5 5.45 x 4.10 17'11 x 13'5 Office 6 & 7 8.22 x 4.99 27'0 x 16'4 Office 12 5.38 x 4.78 17'8 x 15'8 Office 9 5.40 x 4.09 17'9 x 13'5 6.55 x 2.43 21'6 x 8'0 Office 11a 5.10 x 2.39 16'9 x 7'10 Office 11b 4.07 x 2.38 13'4 x 7'10 Office 10 3.91 x 3.33 12'10 x 10'11 4.47 x 4.09 14'8 x 13'5 1 4.45 x 3.86 14'7 x 12'8 Sitting Room/ 3 4.22 x 3.75 13'10 x 12'4 2 4.00 x 3.94 13'1 x 12'11 T 7.67 x 2.41 25'2 x 7'11 Dining Room 3.09 x 2.42 3.10 x 2.41 3.08 x 2.42 3.09 x 2.41 Hall In 2 Portland Street - Ground Floor (Not Shown In Actual Location/ Orientation) Rodney House - First Floor Rodney House - Second Floor Rodney House - Third Floor Entrance to 3rd floor flat Basement Flat / Living Room / 5.28 x 5.03 17'4 x 16'6 Comms Room Boiler Room 4.68 x 2.84 15'4 x 9'4 7.67 x 2.41 25'2 x 7'11 3.10 x 2.41 3.10 x 2.42 3.10 x 2.33 10'2 x 7'8 7.67 x 2.41 25'2 x 7'11 3.10 x 2.41 3.10 x 2.27 10'2 x 7'5 3.10 x 2.33 10'2 x 7'8 Meeting Room 5.32 x 4.44 17'5 x 14'7 Office 3 & 4 8.08 x 5.02 26'6 x 16'6 Dining Room 3.08 x 2.42 Dining Room 3.10 x 2.41 3.09 x 2.39 10'2 x 7'10 5.40 x 1.67 17'9 x 5'6 Hall Basement Flat 1 5.10 x 3.51 16'9 x 11'6 office toilet and shower Office Storage 2 Portland Street - First Floor 2 Portland Street - Second Floor Store Office 1 4.37 x 3.73 14'4 x 12'3 In Office 2 5.13 x 3.58 16'10 x 11'9 In Basement Flat 2 4.29 x 3.46 14'1 x 11'4 Basement Flat 3 4.56 x 3.83 15'0 x 12'7 Office Storage Rodney House Portland Street Rodney House - Ground Floor Rodney House - Lower Ground Floor Total GIA (approx): 982 sq m / 10,571 sq ft For identification only. Not to scale.
Viewing Potential bidders should note that viewing will not be possible without an appointment. Please contact Clarissa Box on +44 (0) 1179 100 349 to make the necessary arrangements. Due to the nature of the building and to minimise inconvenience to the current occupiers, Savills have elected to arrange a number of open days. Further details and times will be provided. Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Savills Bristol Embassy House Queens Avenue Bristol, BS8 1SB Ben Taylor +44 (0) 1179 100 305 btaylor@savills.com Julian Harbottle +44 (0) 1179 100 329 jharbottle@savills.com www.savills.com/rodneyhouse