BTR Ltd Victoria Ter 15,645 SF Industrial Building Bristol BS2 0TD £1,250,000 (£79.90/SF) 3.84% Net Initial Yield
EXECUTIVE SUMMARY
The property is offered for sale with offers in excess of £1,250,000 exclusive of VAT being invited reflecting a capital value of £84.00 per sq ft excl.
The building will be sold with a restriction on title only permitting uses within Class E (formerly B1c) B2 and B8 The sale will also be subject to an overage for a period of 20 years from the date of completion. If an alternative planning consent is obtained within the first ten years a 50% uplift in value will be payable to the vendor reducing to 25% from the end of year 10 to the end of year 20.
The building will be sold with a restriction on title only permitting uses within Class E (formerly B1c) B2 and B8 The sale will also be subject to an overage for a period of 20 years from the date of completion. If an alternative planning consent is obtained within the first ten years a 50% uplift in value will be payable to the vendor reducing to 25% from the end of year 10 to the end of year 20.
PROPERTY FACTS
| Price | £1,250,000 |
| Price Per SF | £79.90 |
| Sale Type | Investment |
| Net Initial Yield | 3.84% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.48 AC |
| Rentable Building Area | 15,645 SF |
| Number of Floors | 2 |
| Year Built | 1965 |
| Tenancy | Single |
| Parking Ratio | 0.34/1,000 SF |
| Level Access Doors | 1 |
| Cross Streets | Short Street |
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