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2.1-2.6 Paintworks
6,640 SF Office Unit Offered at £1,600,000 in Bristol BS4 3EH
Investment Highlights
- Opportunity to acquire a high yielding single-let office investment within Bristol’s creative quarter
- The property comprises 6,640 sq ft of self-contained industrial style studio/office space with 8 car parking spaces
- Paintworks is a unique and hugely successful mixed-use development on the site of a former Victorian paint factory
Executive Summary
Paintworks is a unique development on the edge of Bristol city centre, close to Temple Meads. This attractive self-contained property comprises three units which have been combined to form one single open plan space. The accommodation comprises a total of 6,640 sq ft (616.93 sq m) net approx.
Property Facts
| Price | £1,600,000 | Building Class | B |
| Unit Size | 6,640 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 13,409 SF |
| Total Building Size | 26,818 SF | Year Built | 1950 |
| Property Type | Office (Unit) | Lot Size | 0.37 AC |
| Sale Type | Investment | Parking Ratio | 0.67/1,000 SF |
| Price | £1,600,000 |
| Unit Size | 6,640 SF |
| No. Units | 1 |
| Total Building Size | 26,818 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 13,409 SF |
| Year Built | 1950 |
| Lot Size | 0.37 AC |
| Parking Ratio | 0.67/1,000 SF |
1 Unit Available
Unit 2.1 - 2.3
| Unit Size | 6,640 SF | Sale Type | Investment |
| Price | £1,600,000 | Tenure | Freehold |
| Price Per SF | £240.96 | Net Initial Yield | 9.00% |
| Unit Use | Office | NOI | £144,000 |
| Unit Size | 6,640 SF |
| Price | £1,600,000 |
| Price Per SF | £240.96 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 9.00% |
| NOI | £144,000 |
Description
Units 2.1-2.3 forms part of Phase 1 of the Paintworks
development, which comprises a mix of office and live / work
accommodation in converted former light industrial buildings.
Sale Notes
Offers are sought in the region of £1,600,000 (One Million Six Hundred Thousand Pounds) reflecting a Net Initial Yield of 9.07% (assuming purchasers costs of 6.22%).
A purchase at this level would reflect a capital value of £241 per sq ft.
Amenities
- Security System
- Roller Shutters
- Air Conditioning
-
Oliver Stretton -
Alder King LLP
Presented by
2.1-2.6 Paintworks
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