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 663738
Tenure Type Freehold
Building Area
Land Area ()

Property Description

Single-let Office Investment located adjacent to the Bristol Ring Road.


The freehold property comprises 26,871 sq ft of office accommodation fully let to the strong covenant of ALD Automotive.

Investment Highlights

• Well located immediately to the north of the A4174, Bristol Ring Road on the northern edge of Emersons Green

• Three miles to the east of Junction 19 of the M32 and 6 miles from the M4/M5 Interchange

• Modern three storey office building totalling 26,871 sq ft (2,496.38 sq m) NIA

• Excellent parking ratio of 1:220 sq ft

• Freehold

• Let to strong covenant of ALD Automotive Limited (5A 1 D&B rating)

• Let for a term of 12 years expiring on 31st May 2022

• Passing rent of £567,693 per annum equating to an overall rent of £21.25 per sq ft

• Offers in excess of £5,750,000 (Five Million Seven Hundred Fifty Thousand Pounds) subject to contract and exclusive of VAT

Net Initial Yield of 9.26% after costs of purchase at 6.62%

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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