Investment Property
For Sale
Student
Temple Island PBSA, Bristol
Temple Island PBSA, Bristol, Bristol, Bristol BA2 3DG United Kingdom

OVERVIEW
Prime University Backed Purpose Built Student Accommodation Development Opportunity
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Key Features
- Unique opportunity for a flagship PBSA development on Temple Island situated adjacent to the University’s Temple Quarter Enterprise Campus (TQEC).
- This highly prominent PBSA development will have planning permission for 864 student bedrooms (770 ensuite cluster beds and 94 studios) comprising three interconnecting buildings up to 21 storeys arranged around a central courtyard.
- The proposed scheme envisages a high quality ‘24/7 student hub’ providing a significant and welcoming amenity provision of 1,143 sq m (1.3 sq m per student) plus the University’s TQEC gym & wellbeing facility.
- The University of Bristol will enter a 25 year annual CPI linked Nomination Agreement (collar and cap of 2% - 4.5% per annum) at rents of £250 (ensuite) and £310 per week (studio) based upon 51 week tenancy agreements and a September 2028 commencement.
- The University of Bristol to take a 25 year lease of the part lower ground floor and run their state of the art TQEC gym and wellbeing facility for the benefit of all University students.
- A new 150 year headlease will be granted by the University at a peppercorn rent upon completion of the sale.
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AVAILABILITIES
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