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In
1995, CMR Estates acquired the leasehold interest in a substantial period
semi-detached villa, with semi-derelict outbuildings, in a prominent business
location immediately to the north of Bristol city centre. Set in a large
stone walled plot the property enjoys
a prominent frontage to Whiteladies Road, a main arterial route, in a
premier office location in Clifton.
The centrally heated building, an imposing Victorian property constructed
circa 1880 with a pleasing Bath stone bay fronted facade and stone balustrade
parapet, underwent a complete refurbishment. The accommodation, comprising
in total some 4,250 sq. ft on lower ground, ground and three upper floors,
was divided into 4 suites ranging in size from 360 sq. ft to 1,500 sq.
ft, which were offered to the market individually, or as a whole, together
with a rear annexe.
The
building's classical external architecture and generous proportions (particularly
of circulation space), the fine example of an unsupported staircase with
hardwood handrail and cast iron balusters; and its moulded cornices and
architraves, were Tyndall Court's main selling features. The large site
also enjoyed generous secure car parking provision, another attraction
that was recognised by CMR Estates at the outset, and the property was
marketed with 22 car parking spaces.
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Tyndalls
Court
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CMR
Estates subsequently acquired the freehold interest, and obtained listed
building consent to demolish and clear the rear yard (the property is in
a Conservation Area) and planning permission for office use. Securing a
letting of the whole building on FRI terms at a rent of £35,000 p.a.
to a facilities management and building maintenance contractor. The £450,000
investment property was then successfully sold on to an offshore investment
company. |