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For Sale£3,600,000.00

Barley House, Bristol, BS8 2BN

Office, Offices , 14499 Sq Ft
Property type: Office, Offices
Tenure: For Sale Freehold
Size: 14499 Sq Ft
Price: £3,600,000.00
Location: Barley House, Oakfield Grove, Bristol, BS8 2BN

Freehold Office Investment Opportunity


Barley House is located within the affluentareaof Cliftonapproximately 1 mile tothe east of Bristol city centre. Clifton is renowned for having some of the most iconic spotsin Bristol, including Brunel’sfamous Suspension Bridge,the Observatory, Bristol Zoo andthe Durdham Downs. The areais also home to severalupmarket retailers, cafes, pubs and restaurants. The property is locatedon Oakfield Grove and is conveniently positioned between Whiteladies Road and Clifton Village. The area surrounding the property ispredominantly high value residential and thereis a lack of office supply in this location, largelydue to the implementation ofPermitted Development Rights. Nearby occupiers include the BBC, Handlesbanken,Bristol Lido Spa, Starbucks and The Ivy.

  • Located in the affluent area of Clifton.
  • Georgian office building arranged over ground and two upper floors totalling 14,499 sq ft.
  • Freehold.
  • Fully let to strong covenant The University of Bristol until 1st November 2024.
  • Low base rent of £220,000 per annum (£15.17psf) with an anticipated uplift at 2019 review.
  • Offers are sought in excess of £3,600,000 (Three Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects an attractive net initial yield of 5.74%, after allowing for purchaser’s costs of 6.51%.
  • Low capital value of £249 psf.
  • Perimeter trunking

    Central heating with wall mounted radiators

    Suspended tile ceiling

    Recessed fluorescent strip lighting

    Carpeted floors

    Externally, there is provision for 23 car parking spaces to the front of the building reflecting a good overall parking ratio of 1:630 sq ft.  Barley House has been altered to interconnect to the University's adjoining building Oakfield House that is under different ownership.

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