Office Investment Opportunity
1300 Parkway North is located on the Parkway North Business Park which is an established modern office park situated to the north of Bristol City Centre, just off the B4507 Winterbourne Road and is conveniently located within walking distance of Bristol Parkway Railway station. The property is a one mile drive from Junction 19 of the M4 and Junction 1 of the M32 with the M4/M5 interchange three miles to the north. The park benefits from local amenities including Nuffield Health Gym. Other occupiers on the park include, Cunningham Lyndsey, Gleeds, Barclays Bank, Handlesbanken and the Diocese of Bristol.
Located in a prominent position on the established Bristol Parkway Business Park, adjacent to Bristol Parkway railway station. Modern, single let office comprising a detached three storey office building extending to 30,256 sq ft. Let entirely to The Secretary of State for Defence in very close proximity to the Ministry of Defence headquarters at Filton Abbeywood. Tenant has recently undertaken extensive refurbishment to the M&E at a significant cost. Freehold. Excellent on site car parking ratio of 1:203 sq ft. Low passing rent of £467,713 per annum (£15.46 per sq ft overall). Representing a significant discount of approximately 50% to prime Grade A Bristol city centre rents. Low capital Value of £181.78 per sq ft. We are instructed to seek offers in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 7.98% assuming purchasers costs of 6.61%.
Care Home with significant development potential.
A short distance from Bristol and Junction 19 of the M5, the site is located in the town of Pill. It is set back from the main road at Ham Green, a mixed development on the edge of the town, in a quiet cul de sac adjacent to Eden office park and overlooking open parkland to the west. The successful Eden Office Park bounds the site to the north and east, while to the south of the site there is a good quality mature residential development of townhouses overlooking the 'green'. With open views over the neighbouring parkland, this site offers a redevelopment opportunity in a popular part of Pill's suburban area with excellent potential for either office or residential development. Immediately to the north and east, Somerset Lodge is bounded by its own parking and the neighbouring office park. To the south the property is adjacent to former hospital buildings and residential property. To the west, the site looks out over an informal orchard and the playing fields beyond; these are situated to the west of the entrance road which bounds the site and connects it to the former physiotherapy building to the north west.