en.Wedoany.com Reported - CBRE has launched a purpose-built student accommodation (PBSA) development opportunity in Bristol's Temple Quarter, UK, which will accommodate 500 student rooms.

The 1,063-acre freehold site, Freestone Island, has been fully demolished, with all enabling and remediation works completed, allowing a new developer to start construction immediately. The student accommodation scheme comprises six self-contained studio apartments and 494 cluster rooms with en-suite bathrooms across three buildings, including approximately 4,800 sq ft of ground-floor commercial space. Amenities include a gym and studio, a cinema and karaoke booth, multiple study areas, common rooms, and four external courtyards.

A Section 73 minor material amendment application is currently underway, seeking to further increase the scheme to 518 beds, or to consider alternative mix options to adjust the ratio of studio apartments to cluster rooms. This provides significant flexibility for a purchaser to tailor the PBSA product for the direct-let market.

The site is located directly opposite the University of Bristol's Temple Quarter Enterprise Campus (TQEC), which opens this September and will bring 4,600 students and 650 staff to the surrounding area. TQEC is the centrepiece of the Bristol Temple Quarter regeneration project, which will transform over 321 acres of brownfield land into the city's innovation and education district.

Nick Ramble, Senior Director at CBRE, said: "It is rare to be able to offer a PBSA opportunity that is so well-located, fully consented, and immediately deliverable in Bristol. The demolition is done, the site is remediated, Gateway 2 is approved, and even some CIL payments have been made. This is as close to a start-on-site position as you can find. Couple that with a hyper-core location directly opposite a brand-new university campus, in the centre of the UK's largest regeneration project, and we expect this site to attract interest from the development market. The structural demand for student accommodation in Bristol is not going away; this is a rare chance to hit the market directly."

The property is being sold by informal tender, and CBRE also welcomes alternative proposals based on the Section 73 application, including forward funding or joint venture structures.

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