600/650 Aztec West, Bristol, BS32 4SD
£5,130,000.00
Ref No. 7022
For Sale

Location 600/650 Aztec West, Almondsbury, Bristol, BS32 4SD, , South West
Aztec West Business Park is considered to be Bristol's prime out of town location. The property occupies a prominent position in the centre of the Park.

Size 25143.00 ft2
(2335.86 m2)

Description Office Investment with Asset Management Opportunities

  • Bristol is the commercial capital of the South West and the 5th largest city in the UK
  • Aztec West is the premier business park in the South West strategically located on the junction of the M5/M4 motorways
  • Buildings 600/650 comprise two prominent self contained office buildings arranged over ground and first floors totalling 12,668
  • 160 car parking spaces providing an excellent ratio of 1:157 sq ft
  • Freehold
  • Let to Taylor Wimpey UK Limited until 7 January 2017 and Co-operative Legal Services until 24 February 2018
  • A combined current passing rent of £465,064 per annum
  • Prime headline rents in Aztec West currently stand at £21 psf offering a significant discount to the City Centre. The prime ren
  • Short term asset management opportunities

Specification

The buildings benefit from the following internal specification:

  • Full height glazed staircase/entrance lobby
  • Raised floors
  • Suspended ceilings with recessed lighting
  • Air conditioning
  • Double glazed windows
  • 1 x 13 person passenger lift in each building
  • Male, Female and disabled WCs on each floor
  • Shower facilities

600 Aztec West includes 68 car parking spaces providing a ratio of 1:186 sq ft.  650 Aztec West has 70 car parking spaces although the tenant has increased this to 92 through double parking.  This provides a ratio of 1:136 sq ft. 

Terms

We are instructed to seek offers of £5,130,000 (Five Million, One Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.50% and a low capital value of £204 psf assuming purchasers costs of 6.6%.

Viewings

Please contact Oliver Paine

VAT

We understand the property is elected for VAT. It is the intention of the parties that the transaction will be treated as a Transfer of a Going Concern (TOGC).

Property Type Office

Property Contacts:

  • Oliver Paine
    +44 (0)117 930 5718
  • Simon Bennett +44 (0)117 930 5717
Property Location:



Disclaimer:

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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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