Javelin House Gloucester Business Park 51,886 SF Office Building Gloucester GL3 4AA £19,350,000 (£372.93/SF) 7.75% Net Initial Yield
EXECUTIVE SUMMARY
Instructed to seek offers in excess of £19,350,000 for the freehold interest, subject to contract and exclusive of VAT.
Assuming purchaser’s costs of 6.75%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
Assuming purchaser’s costs of 6.75%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
51,886 SF
Building Class
B
Year Built/Renovated
2015/2022
Price
£19,350,000
Price Per SF
£372.93
Net Initial Yield
7.75%
NOI
£1,499,625
Tenancy
Single
Number of Floors
3
Typical Floor Size
17,295 SF
Building FAR
0.60
Lot Size
2.00 AC
Parking
224 Spaces (4.32 Spaces per 1,000 SF Leased)
AMENITIES
- Raised Floor
- EPC - B
- Central Heating
- DDA Compliant
- Demised WC facilities
- Lift Access
- Reception
- Shower Facilities
- Suspended Ceilings
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