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Prologue Works

Prologue Works, 25 Marsh St, Bristol , BS1 4AX

Summary

• LOCATION
  BRISTOL
• SECTOR
  OFFICE
• SIZE (NIA)
  37,128 SQ FT
• SIZE (GIA)
  48,350 SQ FT
• FULLY REPOSITIONED
  +£5,700,000 SPENT
• MULTI-LET
  6 TENANTS
• TENURE
  FREEHOLD
• AWULT
  3.54 YEARS
• AWULT CERTAIN
  2.06 YEARS
• PASSING RENT
  £740,170 PER ANNUM
• AVERAGE PASSING RENT
  £26.10 PER SQ FT
• ERV
  £33.50 PER SQ FT
• EPC
  A RATED
• ASSET MANAGEMENT
  SECURE REVERSION
• POTENTIAL DEVELOPMENT
  LIVING OPPORTUNITY
• PRICE
  OFFERS INVITED

More Information

• LOCATION

  Prologue Works is ideally located on Marsh Street, moments from its junction with Colston Avenue, Prince Street and King Street. Queen Square and its significant amenities are within 1 minutes' walk, while Harbourside's numerous bars and restaurants are just 5 minutes away. Temple Meads Station is within 15 minutes' walk.

• DESCRIPTION

  Prologue Works provides a fully repositioned 9 storey office building at a cost of +£5.7 million, £154 per sq ft. The absolute prime Grade A offices are de-gassed and offer exposed services finish with excellent end of trip facilities and manned reception.

• TENANCY

  The building is let to six tenants on FRI leases outside the security of the Landlord and Tenant Act 1954. The current passing rent of £740,170 equates to a highly reversionary £26.10 per sq ft. Opportunity exists to let the space on a CAT A basis at £27.50-£28.50 per sq ft. Alternatively it can be let on a fully fitted basis achieving a rent premium of £33.50 per sq ft.

• ALTERNATIVE USES

  Prologue Works’ city core location offers outstanding future potential for a variety of alternative uses, including residential, subject to the necessary consents. The city’s recent relaxation of Permitted Development rights (with no Article 4 Direction) has unlocked scope for “Living” use conversion given the strength and depth of the residential market.

Gallery

FULLY REFURBISHED EPC A FREEHOLD OFFICE INVESTMENT UNDERPINNED BY RESIDENTIAL CONVERSION POTENTIAL

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. November 2024