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1300 Parkway North

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BS34 8RG Bristol
Ref: 11154

  • 30,256.00 ft² (2,810.87 m²)
  • 5,500,000
  • 7.98 Initial Yield

Description

Description

• Office Investment Opportunity

Investment Summary

  • Located in a prominent position on the established Bristol Parkway Business Park, adjacent to Bristol Parkway railway station.
  • Modern, single let office comprising a detached three storey office building extending to 30,256 sq ft.
  • Let entirely to The Secretary of State for Defence in very close proximity to the Ministry of Defence headquarters at Filton Abbeywood.
  • Tenant has recently undertaken extensive refurbishment to the M&E at a significant cost.
  • Freehold.
  • Excellent on site car parking ratio of 1:203 sq ft.
  • Low passing rent of £467,713 per annum (£15.46 per sq ft overall). Representing a significant discount of approximately 50% to prime Grade A Bristol city centre rents.
  • Low capital Value of £181.78 per sq ft.
  • We are instructed to seek offers in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 7.98% assuming purchasers costs of 6.61%.

Location

Location

1300 Parkway North is located on the Parkway North Business Park which is an established modern office park situated to the north of Bristol City Centre, just off the B4507 Winterbourne Road and is conveniently located within walking distance of Bristol Parkway Railway station.

The property is a one mile drive from Junction 19 of the M4 and Junction 1 of the M32 with the M4/M5 interchange three miles to the north.

The park benefits from local amenities including Nuffield Health Gym. Other occupiers on the park include, Cunningham Lyndsey, Gleeds, Barclays Bank, Handlesbanken and the Diocese of Bristol.

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.

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