Office for sale

Bristol - Bristol Business Park

Under Offer £2,560,000
11,416 sq. ft.

Property Description

Commercial information

  • 11,416 sq ft (1,060 sq m)

Full description

Tenure: Freehold

LOCATION
Bristol is the regional capital of the South West and one the UK´s largest commercial and business hubs. The city is strategically located being 120 miles west of London, 44 miles east of Cardiff and 97 miles south west of Birmingham.
Bristol has excellent road communications with the M32 connecting the city to Junction 19 of the M4 motorway, providing access to Wales to the west and Reading and London to the east. Bristol also has close proximity to the M5 motorway providing access to Birmingham and the Midlands.
Bristol has two railway stations providing frequent services to London Paddington as well as regular services to Cardiff.
Bristol also has an international airport 14 miles to the south of the subject property providing access to a number of domestic and international destinations.

DESCRIPTION
• Prime office investment located on a prominent position within Bristol Business Park
• Let to Thales Alenia Space UK Ltd with a guarantee from Thales Holdings UK Plc which has a net worth of £1.146 billion
• Let on a 5 year full repairing and insuring lease expiring 30 October 2022 with 4.42 years to expiry
• Passing rent of £218,420 pax equates to approximately £19 psf
• Offers sought in excess of £2,560,000 for the freehold interest subject to contract & exclusive of VAT.
• A purchase at this level reflects a net yield of 8.02% assuming purchasers costs of 6.39%.

The property was constructed in 2002 and comprises a purpose built detached building arranged over ground and first floors, providing 11,416 sq ft (1060 sq m) of office accommodation.

The property benefits from 62 car parking spaces providing an excellent ratio of 1:184 sq ft as well as frontage onto the attractive landscaped business park.

Internally the property benefits from fully raised access floors, suspended ceilings with recessed lighting, male, female, disabled wc´s and shower facilities and a 10 person passenger lift. The building has gas fired central heating and the tenant has installed air conditioning.

ACCOMMODATION
Ground floor 5881 sq ft (564.4 sq m)
First floor 5525 sq ft (514.2 sq m)

Total 11416 sq ft (1060.6 sq m)

TERMS
• Prime office investment located on a prominent position within Bristol Business Park
• Offers sought in excess of £2,560,000 for the freehold interest subject to contract & exclusive of VAT
• Let to Thales Alenia Space UK Ltd with a guarantee from Thales Holdings UK Plc which has a net worth of £1.146 billion
• Let on a 5 year full repairing and insuring lease expiring 30 October 2022 with 4.42 years to expiry
• Passing rent of £218,420 pax equates to approximately £19 psf
• A purchase at this level reflects a net yield of 8.02% assuming purchasers costs of 6.39%.

VAT
The property has been elected for VAT and we would expect the transaction to be treated as a Transfer of Going Concern (TOGC).

PARKING NOTES
There is onsite parking for 62 vehicles.

OTHER
EPC RATING (This is how energy efficient the property is)
Certificate Reference No.: 0192-2707-9930-5590-3203
D (76-100) = 82

VIEWING
Strictly by appointment with the agents - see property particulars for contact details.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Bristol Parkway (0.7 mi)
  • Filton Abbey Wood (0.9 mi)
  • Patchway (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kavanaghs, Melksham

13 High Street, Melksham, SN12 6JY

01225 686054 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bristol Parkway (0.7 mi)
  • Filton Abbey Wood (0.9 mi)
  • Patchway (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kavanaghs, Melksham

13 High Street, Melksham, SN12 6JY

01225 686054 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100891007589. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kavanaghs, Melksham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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