Acting on behalf of Kingsland Road Properties, property consultants, Hartnell Taylor Cook LLP have completed the sale of a site located in one of Bristol’s newest property hotspots for £3.6 million.
Located just off Portland Square with planning permission for the development of 246 student beds, the sale reflects the ongoing transformation of the area and will be a welcome enhancement to the local streetscape.
The site, prominently located on the corner of Dean Street and Wilder Street, has been bought by Atlas Hive, a joint venture between Atlas Developments and Bristol based developers, Studio Hive. The planning permission allows for the demolition of the existing derelict buildings and the construction of a new 5 storey student accommodation block.
Nic Rumble of selling agents, Hartnell Taylor Cook LLP said: “Over the past 3 years the area surrounding Portland Square and Stokes Croft has rapidly changed in character and appeal. It is one of the most significant areas in the city for new development and refurbishment with a number of the former office buildings being converted to residential. The Square itself has some impressive Georgian buildings and with its proximity to Cabot Circus and Stokes Croft, the purchase is positive news for the local area and its revival is good news for the city.”
Jason Collard of Studio Hive and Alan Chaytor of Atlas Land said “we are very excited to have acquired this site and we look forward to working in partnership on this, our first Joint Venture development, our aim is to contribute to the continued regeneration of Bristol and we look forward to working with Hartnell Taylor Cook on this and other projects in the area”
Hartnell Taylor Cook LLP advised the vendor, Kingsland Road Properties and Atlas Hive represented themselves.