office
Ref 16782

910 Aztec West

Almondsbury
BS32 4SR Bristol

To buyPlease contact us
Size25,333 ft² / 2,353 m² (approx. 240 desks)
Initial yield7%

Description

Prime Freehold Office Invesment

Accommodation

DescriptionSize
Reception580 sq ft
Ground768.67 sq ft
First774.25 sq ft
Second756.69 sq ft

Investment Summary

  • 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.
  • Self-contained office building constructed in 2007, arranged over ground and two upper floors, totalling 25,333 sq ft (NIA basis).
  • Freehold.
  • Fully let to strong covenant Broadcom UK Ltd until 31st March 2024.
  • Low base rent of £480,421 per annum (£19.18 sq ft with 50% on reception or £18.96 sq ft overall).
  • Excellent on-site car parking ratio of 1:249 sq ft (102 spaces).
  • Offers are sought in excess of £6,400,000 (Six Million, Four Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects an attractive Net Initial Yield of 7.04%, after allowing for purchaser’s costs of 6.64% and a Capital Value of £253 psf.

Property Description

The property comprisesa modern detached office building arranged over ground and two upper floors. The building is of steel frame construction with elevations being a combination of exposed brickwork and metal framed double glazed sections all beneath a pitched roof structure. The property was built in 2007 and the specification includes:

  • •Glazed full height atrium
  • •Suspended ceilings with integrated LG7 lighting
  • •Full accessed raised floors
  • •VRV heating and cooling
  • •Double glazed windows
  • •1x13 person passenger lift DDA compliant.
  • •Male, female and disabled WC facilitiesExternally, there is covered cycle parking and provision for 102 car parking spaces arranged around the building providing an excellent overall parking ratio of 1:249sq ft.

Energy rating

Energy rating D

Location and Transport

Thepropertyis located on Aztec West Business Park in Bristol. The city is the 5th largest conurbation in theUK,andhasattractedmanyleading players in the aerospace, defence, engineering, financial services, media and environmental industries. The city also has developed a strong servicesector and is one of the largest employment bases for banking, finance and insurance sectors outsideLondon. Aztec West has excellent road infrastructure, being located adjacent to Junction16 of the M5 motorway, within 1 mile of the interchange betweenthe M4 and M5 motorways. The propertyis located just 8 miles to the north of Bristol City Centre,which is directly accessiblevia the A38. The park is also well served by public transport, withBristol Parkway Train Station located 3.2 miles to the south east ofthe property,as well as a number of bus routes serving the park.