Fairfax Street, BS1 3BN
Multi let office building of 70,000 sq ft built early 1970s. Property was arranged over 14 floors with a number of vacant suites. The vacant accommodation was subject to refurbishment to include new suspended ceilings, lighting, carpets and kitchen points.
The vacant space was let and the major rent review on 11,000 sq ft was settled. The property acquired circa £5.4m and sold a year later at circa £6.7m.
Tower House was acquired in a joint venture with an institutional banking partner as part of a wider portfolio build-up strategy.