investment for sale - Burston Cook

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CHARLES FOX HOUSE, 48 QUEEN CHARLOTTE. STREET, BRISTOL, BS1 4HX. • LARGE GROUND AND 1St FLOOR OFFICE PREMISES IN ESTABLISHED.

FOR SALE UNIQUE CITY CENTRE OFFICE BUILDING CHARLES FOX HOUSE, 48 QUEEN CHARLOTTE STREET, BRISTOL, BS1 4HX



LARGE GROUND AND 1St FLOOR OFFICE PREMISES IN ESTABLISHED CITY CENTRE OFFICE LOCATION



FANTASTIC OPPORTUNITY FOR OWNER OCCUPIERS AND INVESTORS



CLOSE TO QUEEN SQUARE, BALDWIN STREET, THE WATERFRONT AND KING STREET



QUOTING PRICE OF £725,000

LOCATION The property is located on Queen Charlotte Street in the heart of Bristol City Centre. It is in close proximity to the prestigious office location of Queen Square and also the bars and restaurants of King Street, Welshback and Baldwin Street. There is an NCP car park very close by and The Waterfront, Cabot Circus, and Bristol Temple Meads Station are all within easy walking distance. The property occupies a strong position in an increasingly popular office, leisure and entertainment area in the heart of the city. DESCRIPTION The property comprises a large modern building with commercial accommodation over the ground and first floors and residential accommodation on the remaining upper floors. The ground and first floors have previously been occupied as a bar but have recently benefitted from a change of use planning application to B1a/A2 office use. The ground and first floors provide large open floor plates and are in the process of being fully stripped out to be provided in a shell condition, ready for fit out. This is an ideal opportunity for owner occupiers to purchase a city centre office space and put their own stamp on it. Equally, investors would be able to fit out the accommodation to suit specific tenant requirements. ACCOMODATION The ground and first floors of the property has the following approximate gross internal area: Ground floor: 1956 sq ft (182 sq m) First floor: 2443 sq ft (227 sq m) Total: 4399 sq ft (409 sq m) TENURE The whole of the property is held by an effectively full repairing and insuring long lease from Bristol City Council for a term of 125 years from 4th March 1982, with approximately 89 years remaining until lease expiry. The ground rent is £11,881 pax, reviewed 5 yearly (from 24th June 1985) based on 21.6 % of the total rent received for the ground and first floors. There upper floors have been sold off on a sub long lease and details of this can be provided on request. The ground and first floors of the property are available with vacant possession. PLANNING The property has recently been granted consent for a change of use from a Bar to Office Use (B1a/A2) and the relevant documents can be found on the Bristol City Planning Portal under planning reference: 17/06940/F

PRICE The quoting price for the long leasehold interest in the property is £725,000. Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.

VAT All prices quoted are exclusive of VAT if applicable. LEGAL COSTS Each party is to be responsible for their own legal costs incurred in this transaction. EPC Rating = D (92) VIEWING AND FURTHER INFORMATION All enquiries strictly through the joint sole agents, Burston Cook and JLL:BURSTON COOK FAO: Charlie Kershaw MRICS Email: [email protected] Tel: 0117 934 9977 JLL FAO: Steve Lane MRICS Email: [email protected] Tel: 0117 930 5675 SUBJECT TO CONTRACT June 2018

Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.

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