With Redcliffe in Bristol sharing the BS1 postcode with thriving areas like the harbourside and up and the up and coming Temple Meads District, there are plenty of reasons for investing in Redcliffe properties. Massive regenerations across the city of Bristol have meant that the property market in Bristol remains one of the strongest outside of London.
Investing in Redcliffe makes good business sense. Plans for the demolition and regeneration of the eyesore that is the Grosvenor Hotel show just how much investment potential there is in the area. Earlier this month, another exciting property acquisition made the headlines in the city, a Bristol office building having been bought by Kames Capital for an impressive 2.8 million pounds.
Redcliffe Properties : For Real Investment Potential and Growth
Bristol is a city that is not standing still. In a bid to clear away all its disused buildings and regenerate forgotten areas, Bristol is now making the news for the right reasons. The latest acquisition of the building formerly known as Techno House is just the latest, but will not be the last big spend in the city.
Located on Redcliffe Way, Techno House comprises 28,732 square feet of office space that is set over six floors. The drab building that would look more in place in a film about Bristol in the 1990’s will be totally redeveloped, providing office space for new and existing businesses across the city. The purchase has been made by Kames Capital, for the Kames Property Income Fund.
Redcliffe Properties : Bringing Bristol Back to Life
The six floor office block will be fully refurbishment and will be let to new tenants, V7 Asset Management being the development manager of the scheme. The new office space will be provided to cope with the growing demand of affordable office space in the Temple Meads and Redcliffe areas.
Bristol is growing quickly and redeveloping, but what is evident is that there is still an acute shortage of affordable office stock in the BS1 postcode. Once refurbished, the office block will become one of the most desirable locations for businesses in the city, yet one that has been promised to be affordable.
Market demand for office space is not the only property demand in the BS1 postcode. With many people seeing the opportunities that there are in Bristol relocating to the city, affordable and well-located property is also in demand. Regeneration of the area will mean that Redcliffe properties will be able to accommodate some of this growing demand.
As a property investor looking for a city centre location, but one that is slightly more modest than the Harbourside, the Redcliffe Quarters provide a real opportunity. Properties for sale in need of refurbishment can bring in a guaranteed rental income for many years to come. And with Bristol Builders Network being able to source for you all the tradesmen you need to bring properties up to scratch, there really hasn’t ever been a better time to invest in Redcliffe and within the BS1 postcode of Bristol and Avon.