Historic Bristol Office Building with Co-Working Space Listed for £1.9 Million Sale
A prominent Grade II listed Georgian office building located in the heart of Bristol has been placed on the market with a guide price reaching up to £1.9 million. The property, situated at 15-16 Brunswick Square, is scheduled to be auctioned on May 7, offering a rare investment opportunity in the city's bustling commercial district.
Property Details and Current Tenancy
The freehold building spans approximately 8,640 square feet and underwent a comprehensive refurbishment in 2021. It is currently fully let to co-working operator Gather Round, which provides flexible office solutions including spaces for two to ten desks and bookable meeting rooms. The lease is secured until 2034, generating a steady annual income of £206,000 with rent reviews scheduled every five years.
Alex Neil, a partner at property auctioneer and consultancy Allsop, which is handling the sale, commented on the listing. "Opportunities of this quality and scale are rare in central Bristol," he stated. "With a long, secure lease in place and the benefit of a recent refurbishment, the property also offers longer-term potential through alternative use, subject to consent. We expect the lot to appeal to investors seeking secure income underpinned by future flexibility."
Bristol's Booming Commercial Property Market
This sale emerges against a backdrop of rising office rents and soaring demand for commercial space in Bristol and the wider South West region. According to a report published in February, annual take-up of workspace in and around the city reached 926,000 square feet last year, which is 21 percent above the five-year average. The city centre alone accounted for 604,000 square feet of this activity.
Julian Watts, managing director for Bristol and South West at property firm Avison Young, highlighted the city's robust market performance earlier this year. "Bristol was 'one of the strongest-performing cities' for office rents," he noted. "With supply tightening and space under construction being pre-let, the market is poised for continued upward pressure on rents."
Investment Appeal and Auction Details
The guide price for the Brunswick Square property is set between £1.7 million and £1.9 million. Its combination of historical significance, modern refurbishment, and secure tenancy makes it an attractive proposition for investors looking to capitalise on Bristol's thriving commercial landscape. The building's Grade II listed status adds architectural and heritage value, while its current use as a co-working space aligns with contemporary trends in flexible office solutions.
Potential buyers are encouraged to consider the property's dual appeal: immediate income stability from the existing lease and future possibilities for alternative uses, pending necessary consents. The auction on May 7 is expected to draw significant interest from both local and national investors seeking to enter or expand within Bristol's competitive property market.
