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One Cathedral Square
TENURE
For Sale
SIZE
56,059 sq ft
GUIDE £
Offers in excess of £22,400,000.00
- 56,059 sq ft office accommodation over four floors.
- Let to the University of Bristol and Dyson Technology Ltd.
- WAULT of 3 years, 9 months to break and 6 years, 2 months to expiries.
- Total passing rent of £1,796,500 per annum, equating to £32.04 per sq ft, overall.
- ERV today of £40.00 per sq ft.
- Prime central Bristol rents already £42.50 per sq ft and forecast to hit £45 per sq ft shortly.
- The property is held on a 250 year lease at a peppercorn, with 241 years unexpired.
- We are instructed to seek offers of £22,400,000 (Twenty Two Million Four Hundred Thousand Pounds only), subject to contract and exclusive of VAT, representing a net initial yield of 7.5% and a reversionary yield of 9.4%.
One Cathedral Square, Trinity Street, Bristol, BS1 5DD
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