WATERFRONT PLACE. Bristol BS1 5UH

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1 1 WATERFRONT PLACE Bristol BS1 5UH

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3 An unprecedented opportunity to deliver an exceptionally high quality development on Bristol s prime waterfront 3

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5 5 WATERFRONT PLACE Waterfront Place represents an unprecedented opportunity to develop a 0.32 hectare (0.78 acre) site situated in a prime location on Bristol s iconic waterfront. The site offers potential for a landmark and destination development for a range of uses, subject to planning. Waterfront Place has been allocated in the Bristol Central Area Plan as a development site with potential uses including offices, culture, tourism and leisure. Such a scheme would complement the existing uses and enhance Harbourside as a quality place to live, work and play. Following Bristol s year as European Green Capital 2015, Waterfront Place provides an opportunity for the city to continue to work towards its sustainability ambitions by delivering an outstanding and innovative sustainable development. The site is held freehold by Bristol City Council. AERIAL IMAGE TAKEN AUGUST 2015

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7 7 The most beautiful, interesting and distinguished city in England. John Betjeman, former Poet Laureate IMAGE CREDIT: DESTINATION BRISTOL

8 8 BRISTOL KEY FACTS Located approximately 120 miles west of London, Bristol is regarded as the commercial capital of the South West. With a population of around 450,000 (ONS, 2016) Bristol is the sixth largest city in England and is the most populous city in southern England outside London. In 2017 Bristol was voted the Sunday Times best city to live in Britain, based on its culture, heritage and connectivity with other cities. It is the second time in four years that the city has won the accolade. The city is set around an historic harbour and home to over 450 parks and green spaces, making it a highly desirable place to live and work. Bristol has developed a strong service sector, and has become one of the largest employment bases for banking, financial, insurance and legal services outside of London. As such, it is a popular relocation destination. Bristol (and Bath) is one of the strongest economies in Europe and is home to globally recognised clusters in aerospace and advanced engineering, high tech, creative and digital, low carbon technologies and financial & professional business services. The city is also home to two highly regarded universities, the University of Bristol and the University of the West of England. Bristol has witnessed a significant amount of new development in the city centre over the last decade including the 1 million sq ft retail and leisure development at Cabot Circus; the 350+ million mixed-use waterfront development at the Harbouside; and the Temple Quay office quarter, which provides in excess of 1.45 million sq ft of mixed uses. A number of other regeneration projects are also either underway or currently being planned, including Bristol Temple Quarter Enterprise Zone, one of the UK s largest urban regeneration projects covering an area of 70 hectares (170 acres).

9 A vibrant, smart and dynamic city with an international profile 9

10 10 COMMUNICATIONS M4 Bristol is strategically located adjacent to the junction of the M4/M5 motorway interchange, approximately 4 miles to the north west of the city centre, which provides excellent access to London, South Wales, the South West and the Midlands. Bristol has two principal railway stations - Bristol Temple Meads (approximately 0.8 miles to the east of the city centre) and Bristol Parkway (approximately 6 miles to the north of the city centre). Both stations provide frequent direct mainline services to the major cities throughout the UK. London Paddington (high speed) has a current approximate journey time of 1 hour 40 minutes from Bristol Temple Meads. Bristol International Airport is located approximately 7 miles to the south west of the city centre. In 2016 it was the 9th busiest airport in the UK, handling over 7.6 million passengers. It is also one of the UK s fastest growing regional airports. Bristol International Airport offers scheduled flights to 144 destinations and serves as the inbound gateway to the South West. Sat Nav BS1 5UH Portishead Nailsea M5 R BRID GEWAT E R A38 Bristol Airport

11 A M4 Yate Chipping Sodbury M5 Winterbourne Filton Bristol Parkway M4 M32 A46 GLO A 4 POR T W AY Clifton BRISTOL A4044 Bristol Temple Meads Redcliffe Southville Bedminster Brislington Longwell Green A4174 A4174 A42 0 LONDO N ROAD U CESTER R OA D OAD A AIRPORT ROAD A37 W E A4 BATH R OAD LLS ROA D BRISTOL ROAD Bath Spa Chew Magna BATH

12 12 CHARLOTTE STREET HILL STREET TRENCHARD STREET GREAT GEORGE STREET UNITY STREET ST BALDWIN STREET NICHOLAS STREET VICTORIA STREET ST GEORGE S ROAD DEANERY ROAD A4 PARK STREET EXPLORE LANE A4018 College Green Bristol Cathedral At Bristol Science Centre A4 Bristol Aquarium MARSH STREET PRINCE STR EET KING STREET Queen Square QUEEN SQUARE QUEEN CHARLOTTE STREET ST THOMAS STREET CANONS WAY Millenium Square WATERFRONT PLACE QUEEN SQUARE REDCLIFFE WAY CANONS WAY THE GROVE HARBOUR WAY Lloyds Commercial Amphitheatre Finance & Waterfront Square PRINCE STREET GUINEA STREET REDCLIFFE PARADE REDCLIFFE HILL CUMBERLAND ROAD CORONATION ROAD COMMERCIAL ROAD ALLINGTON ROAD SOUTHVILLE ROAD CORONATION ROAD LUCKY LANE ST JOHNS ROAD A370 YORK ROAD

13 13 SITUATION Waterfront Place is a key site within Bristol s Harbourside. Located to the southern end of the Waterfront it is adjacent to the Floating Harbour and is bounded by the Bordeaux Quay restaurant to the north, Millennium Square and the edge of Canons Way to the west and Lloyds Commercial Finance to the south. Importantly, the site is uniquely positioned between the high quality public spaces at Millennium Square and the Amphitheatre/ Waterfront Square which fronts the Floating Harbour. The site is undeveloped. It currently forms part of a wider public space concentrated around the retained amphitheatre. The regenerated Bristol Harbourside area has been transformed from a once derelict part of Bristol s city centre into a vibrant mixed use community. Over the last 20 years comprehensive development has delivered cultural, leisure, retail, office and residential uses into a location which is well connected by public transport, water taxis, pedestrian walkways and cycle paths.

14 14 DESCRIPTION The site identified for sale extends to approximately 0.32 hectares (0.78 acres). The site is rectangular in shape and is broadly level. It is currently laid out as a hard surfaced square with relatively mature trees in raised planters defining the edges of the square. The site benefits from direct water frontage onto the Floating Harbour. Road and service access is available via Explore Lane to the north west of the site. The site is centrally located and is well connected to the public transport network. Millennium Square Car Park (parking for 550 cars) provides easy access to the Harbourside and is located just off the A4 Anchor Road to the north. This car park is open 24 hours a day, 7 days a week. Waterfront Place is prominently situated at the southern end of the Waterfront and occupies a key remaining site within Bristol s Harbourside.

15 15 PLANNING AND DEVELOPMENT BRIEF OVERVIEW A Development Brief has been prepared by Savills in conjunction with Bristol City Council (as planning authority and as landowner). A copy of the Development Brief can be found in the data room: The Development Brief highlights the planning opportunities, constraints and the design principles that will guide the delivery of this significant development opportunity. The Brief is intended to provide a guide as to the key planning requirements to potential purchasers/developers and provide clarity on development expectations while providing flexibility in the delivery of the development at this key site. Constraints and Opportunities Plan The Brief has also explored planning policy that is applicable to development proposals for the site. In summary, the Waterfront Place site offers a significant development opportunity and the potential to deliver a high quality scheme. The site has potential to accommodate a variety of uses which are appropriate to its context and respond to the identified opportunities and constraints. Potential uses include office, culture, tourism and leisure related uses. There is scope to extend this range through complimentary uses, in particular at the ground level where active frontages are encouraged. KEY CATHEDRAL Site Boundary ANCHOR ROAD Indicative Building Heights 1-2 storey 2-3 storey 3-4 storey 4-5+ storey Landmarks and Views Landmark Building MILLENIUM SQUARE View across harbour towards the Anolfi ni Gallery View across the harbour towards Bristol Industrial Museum 3 View towards the Cathedral towers 4 View towards the harbour, Anolfi ni Gallery and St Mary Redcliffe Church Access and Movement 3 1 Destination Space Continuous quayside walkway to be retained AMPHITHEATRE FLOATING HARBOUR Potential walkways on pedestrian desire lines Bus stop Other considerations Existing blank facade Opportunity to create active frontages Source: Bristol City Council, Savills Opportunity for street trees

16 16 THE OPPORTUNITY / PROPOSAL The site is held freehold by Bristol City Council. The Council will give consideration to conditional offers (on planning) for the long leasehold interest of the property. It is anticipated the term of the lease granted by the Council will be 250 years. Financial proposals should take into account Bristol City Council s requirement for a revenue stream in addition to a capital receipt. The Council is seeking to secure best consideration for its land interest. Importantly, proposals will need to demonstrate the right balance between the financial offer, risk of delivery and the quality/ innovation of design. The Council reserves the right not to accept the highest or indeed any offers received. Submission Information The Council is proposing to select a preferred developer following a two stage informal tender process. The timescales for Stage 1 are as follows: Stage 1 Proposals must contain the following information. 1. Identity of the Purchaser 2. Description of Scheme Proposals, Land Use & Massing 3. Experience of Delivering Similar City Centre Sites 4. Professional Team & Relevant Experience 5. Estimated Timescales / Programme 6. Evidence of Viability 7. Evidence of Funding 8. Identity of Legal Advisors Further information on the requirements for Stage 1 are contained within a proforma located in the data room which should be completed as part of any proposal. The deadline for the receipt of financial proposals is as follows: 1 Proposals must be received by 1pm on Thursday 15th February There is a minimum requirement for three hard copies to be provided. Proposals should be submitted in sealed envelopes clearly labelled Private and Confidential Waterfront Place, Bristol and delivered to Savills, Embassy House, Queens Avenue, Clifton, Bristol, BS9 1SB. 3. Proposals will be accepted by as long as they are supported by hard copies. s should be directed to jlambert@savills. com clearly marked Private and Confidential Waterfront Place, Bristol. The electronic copy must be received by the deadline above. The Council may wish to interview parties following the receipt of Stage 1 bids in order to arrive at a shortlist of developers for Stage 2. Stage 2 Further information will be provided on Stage 2 when the shortlist is announced. The anticipated timeline for Stage 2 is as follows: Shortlist Announced Monday 9th April 2018 Stage 2 Proposals Thursday 24th May 2018

17 17 AREA: acres (0.315 ha) NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyright licence number Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

18 18 GENERAL INFORMATION Services Prospective purchasers are advised to make their own enquiries regarding the suitability and capacity of services for any proposed development with the relevant authorities. VAT The site is not elected for VAT. Viewings The site is unsecured and is viewable at all times. Further Information Further details, including a Development Brief, are available via the data room: CONTACTS For further information please contact: Julian Harbottle jharbottle@savills.com +44 (0) (0) Adam Greenhalgh adam.greenhalgh@savills.com +44 (0) (0) Jonathan Lambert jlambert@savills.com +44 (0) (0) Savills Bristol Development Embassy House Queens Avenue Bristol BS8 1SB Important Notice: Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: November 2017

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