Commercial Mortgages Redcliffe and Spike Island

The Redcliffe and Spike Island commercial property market

Redcliffe sits immediately south of the Floating Harbour, with St Mary Redcliffe Church (Queen Elizabeth I praise, 89-metre spire) anchoring the eastern edge and Redcliffe Wharf carrying the southern waterfront. Spike Island, the wedge of land between the Floating Harbour and the New Cut on Cumberland Road, carries Spike Island Studios, one of the largest gallery and studio complexes in the South West. Bathurst Basin and the Wapping Wharf adjacency stitch the area into the wider Harbourside economy.

Commercial mortgage flow splits three ways. Bridging on creative-led Class E change-of-use routes through LendInvest, Shawbrook and Together at 65 to 70% LTV and 0.75 to 1.10% pm, the canonical Spike Island warehouse-to-studio archetype. Refurb-to-term on converted gallery and studio stock routes through Shawbrook, Cynergy Bank and Cambridge & Counties post-stabilisation. Mixed-use term debt on Redcliffe Wharf routes through Shawbrook, InterBay Commercial and Cambridge & Counties on ICR.

HM Land Registry residential transactions across BS1 and BS3 around Spike Island and the Bathurst Basin fringe are concentrated in apartment conversions of former warehouses. Used as a market-temperature signal they confirm the creative quarter continues to absorb supply, which underwrites the ground-floor studio and F&B rent roll on the mixed-use commercial stack. Stamp duty applies at the commercial rates on every freehold commercial purchase.

Active commercial property types in Redcliffe and Spike Island

Lender appetite for Spike Island creative quarter and Redcliffe mixed-use

Bridging strong across LendInvest, Shawbrook and Together at 65 to 70% LTV and 0.75 to 1.10% pm. Term refinance on stabilised creative-studio via Shawbrook, Cynergy Bank, OakNorth and Cambridge & Counties. Mixed-use stabilised investment via Shawbrook, InterBay Commercial and Cambridge & Counties. Creative SME owner-occupier via Allica, HTB and YBS Commercial. Heritage-comfortable underwriting on listed warehouse stock via Cambridge & Counties and InterBay Commercial. Bristol-HQ Triodos is worth a mention on values-aligned creative stock. Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter, we do not hold FCA authorisation because the products we arrange are unregulated.