A rare opportunity to buy a Grade Two-listed Victorian shopping arcade in the heart of Bristol’s most exclusive area has arisen, with Hartnell Taylor Cook acting on the sale.
The Clifton Arcade, in the heart of Clifton village, comprises two shop/café units fronting the pedestrianised Boyce’s Avenue, along with space for 16 speciality independent retailers at ground floor level. It also hosts a vibrant mix of office occupiers working from boutique spaces on the first and second floors.
Currently fully let, it has been put up for sale at a guide price of £4.5m. The arcade produces a gross annual rental income in excess of £320,000.
Originally opened in 1879, the arcade was at that time known as Kings Clifton Bazaar and Winter Garden and was built by self-taught architect and entrepreneur Joseph King.
Richard Saunders, head of retail agency at Hartnell Taylor Cook, said: “Opportunities to invest in such a unique asset in the heart of Clifton village are rare indeed. Clifton’s appeal endures: it is somewhere that national brands want to be, and it is somewhere that independent brands thrive, with those two elements feeding of each other to create a buoyant mix.
“The granting of planning consent for the adjacent 2.16 Clifton Down Road will also add value, as further improvements are made to the public realm and landscaping. We expect the Clifton Arcade to appeal to investors with an eye for unique heritage assets that are still hugely relevant in the modern economy.”
The Clifton Arcade, Boyce’s Avenue
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Hartnell Taylor Cook
5th November 2020