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123 Winterstoke Road

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BS3 2LL Bristol
Ref: 12740

  • 50,708.00 ft² (4,710.93 m²)
  • 17,000,000

Description

Description

• Secure Grade A Office Investment

Executive Summary

  • Grade A office building within the city of Bristol
  • Let in its entirety on a single 10 year FRI lease, to Imperial Tobacco Limited guaranteed by Imperial Brands PLC
  • Upwards only rent review to open market value in the 5th year
  • The asset benefits from an investment grade guarantor Imperial Brands PLC (S&P: BBB / Moody: Baa3)
  • A two storey building totalling 50,708 sq ft (4,710.9 sq m) IPMS3, comprising offices, café and terrace, completed in 2014
  • The building offers Grade A specification office accommodation, with 134 car parking spaces providing a ratio of 1:378 sq ft • BREEAM ‘Very Good’
  • Freehold interest occupying a site of 2.92 acres (1.183 hectares)
  • The passing rent will be set at £1,112,433 per annum which equates to a passing rent of
  • Offers are sought in excess of £17,000,000 (Seventeen Million Pounds),
  • A purchase at this level reflects an attractive net initial yield of 6.07%

Property Description

123 Winterstoke Road comprises an office building designed by AWW which has been fully reconstructed, retaining original elevations in part, completed in 2014. The building is BREEAM ‘Very Good’ and the accommodation is split over ground and first floor.

Location

Location

The property is located off the busy Winterstoke Road within Bristol City Centre. 123 Winterstoke Road is accessed off the A370 and lies south est of the city. Winterstoke Road offers excellent accessibility to the national motorway network, A4 Portway and the M32.

Other nearby occupiers include Sainsbury's Computershare, Babcock, David Lloyds Clubs, Royal Navy and Bristol City Football Club.

Energy Rating

Energy Rating

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Contact

Contact
Jennie Howells
Oliver Paine

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. 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;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

Copyright © Jones Lang LaSalle IP Inc 2017. All rights