Office

1300 Parkway North, Bristol

Newbrick Road Bristol, United Kingdom BS34 8RG
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Tenure Type Freehold
Building Area
Land Area ()

Property Description

High Yielding Government Let Office Investment prominently situated on Bristol Parkway Business Park adjacent to Bristol Parkway Station.


The 30,256 sq ft building is fully let to The Secretary of State for Defence at a low overall rent of £17.67 psf overall.

Investment Highlights

Located in North Bristol with excellent access to both M4 and M5 motorway network

• Prominent position on the established Bristol Parkway Business park, adjacent to Bristol Parkway.

• Modern detached three storey office building extending to 30,256 sq ft NIA.

• 149 spaces providing excellent car parking ratio of 1:203 sq ft

• Freehold

• Let entirely to undoubted covenant of The Secretary of State for Defence

• Low passing rent of only £529,480 per annum (£17.67 per sq ft overall).

• Significant discount of 55% to prime Grade A Bristol city centre rents.

• Offers in excess of £5,670,000 (Five Million, Six Hundred & Seventy Thousand Pounds), subject to contract and exclusive of VAT.

• Attractive Net Initial Yield of 8.76% assuming purchaser’s costs of 6.61%.

• Low capital Value of only £187 per sq ft

Last Updated Date: 24 Aug 2021
Simon Bennett
Simon Bennett
Director - Capital Markets
Shannon Johns
Shannon Johns
Senior Surveyor

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 24 Aug 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.