Property Information
Address:
Axis Beta Almondsbury Business Park , Bristol , BS32 4JT
, BS32 4JT
Price: Property no longer available.
Size: SOA
Primary Category: Office
All Categories:
Office,
Property Ref/Movehut: MH618545
Property Ref/Agent: 15085
*Please use the agent ref when calling the agent directly.
Property description
Modern Mulit-Let Office Investment
Axis Beta Almondsbury Business Park
,
Bristol , BS32 4JT
Ref
15085
Category
Invest
Type
Office
Status
Available
Price/Rent
£ 1,900,000
Size
1 - 12,534 sq ft
(0 - 1,164 sq m)
A highly accessible and popular office park location, located at the M4/M5 interchange.
Modern office accommodation totalling approximately 12,534 sq ft arranged over three floors.
Internally the accommodation benefits from fully accessible raised floors, suspended ceilings and comfort cooling.
The building has undergone a refurbishment in recent years and is presented in excellent condition.
Multi-let to three tenants including Xerox, Marie Stopes and Atos Ltd, all of whom have excellent covenant ratings.
Freehold.
A WAULT of 3.37 years to expiry and 2.72 years to lease breaks.
Total passing rent of £191,569 per annum equating to a low overall rent of only £15.28 per sq ft.
Offers are sought in excess of £1,900,000 (One Million, Nine Hundred Thousand Pounds) reflecting a net initial yield of 9.5%.
Low capital value of only £151 per sq ft.
Opportunities to add value through active management.
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