Property consultancy Alder King, acting on behalf of Terrace Hill, has let over half of the available space in Canningford House on Victoria Street, Bristol to The Prince’s Trust. The deal enables the charity to consolidate its Bristol operations into one location and make its facilities more accessible to young people arriving by public transport.
The charity will relocate its Regional Office on Marsh Street and its Education and Training centre on Stokes Croft into 6,705 sq ft of ground and first floor space in the Victoria Street property.
This latest letting at Canningford House is an excellent indictment of the building and its location, says Adam Pratt of Terrace Hill. “Canningford House provides good quality, affordably priced office accommodation in the heart of the city’s new commercial centre.
Tom Dugay of Alder King’s office agency team added: “As more offices are converted to residential use under Permitted Development Rights, the options for budget-conscious occupiers are increasingly limited. Demand for good value but well-located office property like Canningford House has therefore strengthened.”
Last year, The Prince’s Trust, which tackles youth unemployment in every region and country of the UK, worked with 657 young people across Bristol.
Joanne Davis of The Prince’s Trust says: “The consolidation of our Bristol office and training operations into one location will generate useful economies of scale as well as provide us with larger, more spacious accommodation.
“The property’s location close to Temple Meads and the bus station makes it very accessible to the young people who use our services and was therefore an important factor in our decision-making.”
Alder King acted on behalf of Terrace Hill while The Prince’s Trust was represented by London agents Lawson and Partners. The charity has taken the accommodation on a new 10 year lease.
Alder King is marketing the remaining 6,305 sq ft of open plan space at Canningford House which is available on flexible lease terms and benefits from excellent parking ratios. Other occupiers include Age UK, Jenkins and Potters Engineers.