540 Bristol Business Park, Bristol, BS16 1EJ
£1,850,000.00
Ref No. 6809
For Sale

Location 540 Bristol Business Park, Bristol, BS16 1EJ, Somerset, , South West
Bristol Business Park is located approximately 5 miles north east of the city centre and adjacent to the Avon Ring Road (A4174). Motorway connections are excellent with Junction 1 of the M32 less than 1 mile away connecting the city centre with the M4 motorway at Junction 19. Bristol Business Park is located 1.5 miles from Bristol Parkway mainline railway station which provides regular direct access to London Paddington in 1 hour and 20 minutes.

Size 7582.00 ft2
(704.39 m2)

Description 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

Property Type Office

Property Contacts:

  • Simon Bennett
    +44 (0)117 930 5717
Property Location:



Disclaimer:

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:-
a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
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