Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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.

Key facts

Building Area

Property description

Rare Freehold Investment Opportunity with outstanding Alternative Use Potential

Investment highlights

  • Located in a popular and affluent central location in the city of Bristol
  • Attractive opportunity to redevelop for a range of living uses
  • Totalling 35,814 sq ft (3,327.10 sq m) NIA
  • Excellent car parking ratio of 1:1,194 sq ft
  • Freehold
  • Let entirely to the undoubted covenant of University of Bristol
  • Unexpired term of 3.40 years to expiry
  • Current passing rent of £584,454 per annum equating to a low rent of £16.32 per sq ft
  • Let at a rental discount of circa 56.5% compared to prime rents
  • Offers in the region of £8,000,000 (Eight Million Pounds) reflecting a Net Initial Yield of 6.85% (assuming purchaser’s costs of 6.67%)
  • Capital value of £223 per sq ft subject
Last Updated Date: 22 Jul 2021
Oliver Paine
Oliver Paine
Head of Capital Markets UK Regions
Shannon Johns
Shannon Johns
Senior Surveyor

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Last Updated Date: 22 Jul 2021

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