Asset Type: Other

Address

Site M & U, Harbour Road, Portishead, Bristol, BS20 7AJ

Tenant Information

AGO Hotels

Location

Portishead is located on the Severn Estuary, 12 miles to the west of Bristol and 3 miles from Junction 19 of the M5 motorway. The subject is located opposite the Portishead Dock, on the southern side of Harbour Road, adjoining Waitrose and opposite a public square with recent residential, retail and leisure development. Further along Harbour Road and Newfoundland Way are modern office developments while approximately 600 metres to the west of the subject property is the High Street. This area of Portishead has undergone substantial regeneration over the last few years with the development of the marina (accommodating 245 yachts and boats) and new residential, retail and leisure development.

Property Description

The building comprises a 60 bedroom hotel with a ground floor supermarket, 109 space car park and a small retail unit fronting Harbour Road. The ground floor Lidl supermarket and retail unit let to Subway have been sold off on 125 year leases with Custodian retaining ownership of the 60 bedroom hotel currently let to AGO Hotels and trading as Ibis.