Commercial · For sale
Prince House, Bristol – Highly Reversionary Multi-Let Office Investment
Prince Street, Bristol, Bristol, City of, BS1 4PS
Offers over £2,750,000
- Tenure
- Not specified
- Added
- 18 Oct 2026
About this property
Specification A high quality office building arranged over five upper floors with secure ground floor parking. Each floor has been comprehensively refurbished to a consistent, modern specification, with efficient, largely open plan floor plates and good natural light on all elevations. The building is held under Class E planning consent, and every floor carries an EPC rating of C valid to August 2027.
Key points: - Prominent five-storey office building adjoining Queen Square in Bristol's established office core. - Passing rent averages £21.99 psf - a c.60% discount to Bristol's £55.00 psf prime headline rent. - Multi-let to Landmark, Barcan+Kirby LLP, Swiis UK Ltd and Venn Group Ltd. - WAULT 3.1 years to expiry / 1.7 years to break; vendor 12-month guarantee on the vacant third floor. - Prominent five-storey office building on Prince Street, adjoining Queen Square in Bristol's established office core. - 18,159 sq ft of accommodation arranged over five upper floors, with secure ground floor parking. - Comprehensively refurbished throughout, with VRF air conditioning, LED lighting, an 8-person passenger lift and double-glazed openable windows. - Multi-let to four tenants including Landmark, Barcan+Kirby LLP, Swiis UK Ltd and Venn Group Ltd. - Total passing rent of £399,307 per annum, reflecting a low average of £21.99 per sq ft overall. - Highly reversionary, with the passing rent reflecting a c.60% discount to Bristol's prime headline rent of £55.00 per sq ft.
Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.
Features
- Passing Rent: £399.3k pa
- Net Initial Yield: 13.63%
- Capital Value: £151 psf