Old Gloucester Rd 10,092 SF 80% Leased Office Building Bristol BS16 1GW £1,300,000 (£128.81/SF) 8.05% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated in Bradley Stoke, 6.5 miles North of Bristol City Centre
- Multi-let to 3 tenants with a WAULT of 3.6 years to expiry and 3 years to break
- Opportunity to purchase a reversionary office investment in North Bristol
EXECUTIVE SUMMARY
Offers are sought in excess of £1,300,000 (One Million Three hundred thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level represents a net initial yield of 8.05%, an attractive reversionary yield of 11.02% and a low capital value of £128 per sq ft.
A purchase at this level represents a net initial yield of 8.05%, an attractive reversionary yield of 11.02% and a low capital value of £128 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,092 SF
Building Class
B
Year Built
2000
Price
£1,300,000
Price Per SF
£128.81
Net Initial Yield
8.05%
NOI
£104,650
Percent Leased
80%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,046 SF
Slab to Slab
15 ft
Building FAR
0.19
Lot Size
1.23 AC
Parking
23 Spaces (3.23 Spaces per 1,000 SF Leased)
AMENITIES
- Raised Floor
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The accommodation is available on a lease, direct from the Landlord, for a term of years to be agreed at £17.50 per sq ft.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,007 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 2,007 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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