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For Sale£1,850,000.00

540 Bristol Business Park BS16 1EJ, Bristol

Office, Offices , 0 - 7582 Ft²
Property type: Office, Offices
Tenure: For Sale Leasehold
Size: 0 - 7582 Ft²
Price: £1,850,000.00
Location: 540 Bristol Business Park, South West, Bristol, BS16 1EJ
Office Investment Opportunity
  • Located on Bristol Business Park with excellent transport links to M4/M5
  • Modern office building comprising 7,582 sq ft (704.46 sq m) NIA
  • Excellent parking ratio of 1:185 sq ft
  • Strong covenant of Capita IT Services Limited (4A1 D&B; Rating) with over 9 years unexpired
  • Passing income of £130,000 per annum, reflecting only £17.43 psf
  • Net Initial Yield of 6.71%, allowing for purchase costs of 6.22%
Specification

540 Bristol Business Park was constructed in 2000 and comprises a modern detached office building on ground and first floor levels. The property is of steel frame construction with brick elevations under a pitched tiled roof. Internally the property provides open-plan office accommodation which includes raised floors, suspended ceilings incorporating recessed strip lighting, gas fired heating, double glazing and a 10 person (800kg) lift.

Terms

We are instructed to seek offers in excess of £1,850,000 (One Million Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.71%, after allowance for purchase costs at 6.22%.

Viewings

For further information or to arrange an inspection please contact the sole agents: Simon Bennett and Oliver Paine


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