Old Gloucester Rd
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Old Gloucester Rd
10,092 SF 80% Leased Office Building Bristol BS16 1GW $2,311,470 CAD ($229 CAD/SF) 8.05% Cap Rate
Investment Highlights
- Situated in Bradley Stoke, 6.5 miles North of Bristol City Centre
- Multi-let to 3 tenants with a WAULT of 3.6 years to expiry and 3 years to break
- Opportunity to purchase a reversionary office investment in North Bristol
Executive Summary
Offers are sought in excess of £1,300,000 (One Million Three hundred thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level represents a net initial yield of 8.05%, an attractive reversionary yield of 11.02% and a low capital value of £128 per sq ft.
A purchase at this level represents a net initial yield of 8.05%, an attractive reversionary yield of 11.02% and a low capital value of £128 per sq ft.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,092 SF
Building Class
B
Year Built
2000
Price
$2,311,470 CAD
Price Per SF
$229 CAD
Cap Rate
8.05%
NOI
$186,073 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,046 SF
Slab To Slab
15’
Building FAR
0.19
Land Acres
1.23 AC
Parking
23 Spaces (3.23 Spaces per 1,000 SF Leased)
Amenities
- Raised Floor
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The accommodation is available on a lease, direct from the Landlord, for a term of years to be agreed at £17.50 per sq ft.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,007 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 2,007 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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1st Floor
| Size | 2,007 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The accommodation is available on a lease, direct from the Landlord, for a term of years to be agreed at £17.50 per sq ft.
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James Frost -
Ian Lambert -
Hartnell Taylor Cook LLP
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STREET
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Old Gloucester Rd
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