Temple Island PBSA, Bristol - Student for sale in Bristol

Unique opportunity for a flagship PBSA development on Temple Island situated adjacent to the University’s Temple Quarter Enterprise Campus (TQEC).. This highly prominent PBSA development will have planning permission for 864 student bedrooms (770 ensuite cluster beds and 94 studios) comprising three interconnecting buildings up to 21 storeys arranged around a central courtyard.. The proposed scheme envisages a high quality ‘24/7 student hub’ providing a significant and welcoming amenity provision of 1,143 sq m (1.3 sq m per student) plus the University’s TQEC gym & wellbeing facility.. The University of Bristol will enter a 25 year annual CPI linked Nomination Agreement (collar and cap of 2% - 4.5% per annum) at rents of £250 (ensuite) and £310 per week (studio) based upon 51 week tenancy agreements and a September 2028 commencement.. The University of Bristol to take a 25 year lease of the part lower ground floor and run their state of the art TQEC gym and wellbeing facility for the benefit of all University students.. A new 150 year headlease will be granted by the University at a peppercorn rent upon completion of the sale. OVERVIEW Prime University Backed Purpose Built Student Accommodation Development Opportunity As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.