Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 633032
Tenure Type Freehold
Building Area
Land Area ()
Number of units 3

Property Description

High Yielding Freehold Office Investment located on Aztec West, Bristol's prime business park.


715 Aztec West comprises 17,475 sq ft of refurbished office accommodation and an excellent car parking ratio of 1:221 per square foot. The property is multi-let to two tenants providing a low rent of £18.17 psf overall and a WAULT of 5.3 years to expiries.

Investment Highlights

Situated on Bristol’s premier Business Park located 0.5 miles from Junction 16 of the M5 Motorway and within 1 mile of the M4/M5 interchange.

• Refurbished office and link building, totalling 17,475 sq ft NIA.

• Excellent on-site car parking ratio of 1:221 sq ft (79 spaces).

• Freehold.

• Low base rent of £317,514.50 per annum, equating to only £18.17 sq ft overall.

• AWULT of 5.28 years to expiry (3.15 years to break).

• Offers are sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT.

• Attractive Net Initial Yield of 9.94%, after allowing for purchaser’s costs of 6.4%.

• Low Capital value of only £171 psf which is underpinned by VP values.

Last Updated Date: 24 Aug 2021
Simon Bennett
Simon Bennett
Director - Capital Markets
Shannon Johns
Shannon Johns
Senior Surveyor

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Last Updated Date: 24 Aug 2021

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