Beaufort Office Park, Bristol, BS32 4ND
Size
28,480
Tenure
Freehold
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Totals 28,480 sq ft NIA of office accommodation across 11 buildings (excludes two buildings sold LLH)
- Freehold.
- Occupied by nine tenants across ten leases with a WAULT of 2.10 years to expiry and 1.66 years to breaks.
- Producing a passing rent of £343,585 per annum, equating to a low average rent of £16.33 per sq ft.
- Headline ERV of £507,068 per annum (£17.80 per sq ft overall).
- Two vacant units totalling 7,455 sq ft (26%).
- We are instructed to seek offers of £3,500,000 subject to contract and exclusive of VAT.
- A purchase at this level reflects a net initial yield of 9.21%, rising to 12.83% on letting the two vacant suites, after allowing for purchaser’s costs of 6.50%. This reflects a low capital value of £123 psf.
Description
Each office comprises two-storey, self-contained office accommodation arranged beneath pitched, tiled roofs, with specifications including WCs, double glazed windows, suspended ceilings and dedicated forecourt parking.
The first floor of Beaufort Court has recently completed a refurbishment program, and specification include raised floors, new ceiling tiles, carpet, floor boxes, lighting and air conditioning throughout.
Externally, the property benefits from 134 parking spaces, providing an excellent car parking ratio of 1:247 sq ft.
The property is in Almondsbury, within the established North Bristol commercial corridor. The area is recognised as one of the city’s principal out-of-town business locations, benefitting from excellent motorway connectivity, a strong local labour pool and a mix of office, industrial, logistics and service-based occupiers.
Beaufort Office Park benefits from a strategic location close to the M4/M5 interchange, providing excellent regional and national connectivity. Junction 16 of the M5 is readily accessible via the Aztec West roundabout, while the A38 provides a direct route towards Bristol city centre.
The immediate surroundings of Beaufort Office Park comprise several established business parks and office developments, including The Courtyard, Almondsbury Business Centre, Woodlands Business Park and Equinox. The wider North Bristol employment area is home to a diverse range of occupiers, including TSB, RAC, Equans, Qualcomm, AtkinsRéalis, Babcock, Airbus, Rolls-Royce and the Ministry of Defence, reflecting the location’s strong appeal to major corporate, engineering, technology and professional services organisations.
In addition, the property is well placed relative to the emerging Brabazon development on the former Filton Airfield, one of the South West’s largest mixed-use regeneration schemes. On completion, Brabazon is expected to deliver a new urban quarter comprising residential accommodation, student housing, commercial office and industrial space, schools, retail and leisure uses, the new Aviva Arena and enhanced transport infrastructure.
Bristol Parkway railway station is within a short drive of Beaufort Office Park and provides direct services to London Paddington and other major centres. The park is also served by local bus connections along Woodlands Lane and the surrounding road network.
The property is occupied by nine tenants across ten leases, with a WAULT of 2.10 years to expiry, 1.66 years to break producing a passing rent of £343,585 per annum, equating to a low average rent of £16.33 per sq ft. There are two vacant units totalling 7,455 sq ft (26%). There is a headline ERV of £507,068 per annum (£17.80 per sq ft overall).
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Brochure
Beaufort Office Park, Bristol, BS32 4ND
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Disclaimer - Property reference 426327-1. 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 Hartnell Taylor Cook , Bristol . 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.












