|Property Reference Number||633032|
|Number of units||3|
High Yielding Freehold Office Investment located on Aztec West, Bristol's prime business park.
715 Aztec West comprises 17,475 sq ft of refurbished office accommodation and an excellent car parking ratio of 1:221 per square foot. The property is multi-let to two tenants providing a low rent of £18.17 psf overall and a WAULT of 5.3 years to expiries.
• Situated on Bristol’s premier Business Park located 0.5 miles from Junction 16 of the M5 Motorway and within 1 mile of the M4/M5 interchange.
• Refurbished office and link building, totalling 17,475 sq ft NIA.
• Excellent on-site car parking ratio of 1:221 sq ft (79 spaces).
• Low base rent of £317,514.50 per annum, equating to only £18.17 sq ft overall.
• AWULT of 5.28 years to expiry (3.15 years to break).
• Offers are sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT.
• Attractive Net Initial Yield of 9.94%, after allowing for purchaser’s costs of 6.4%.
• Low Capital value of only £171 psf which is underpinned by VP values.