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.
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%
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.
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%.
For further information or to arrange an inspection please contact the sole agents:
Simon Bennett and Oliver Paine