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C1 and C2 Vantage Office Park
TENURE
For Sale
SIZE
10,191 sq ft
GUIDE £
Offers in excess of £1,300,000
- Situated in Bradley Stoke, 6.5 miles North of Bristol City Centre.
- Single terrace comprising two office buildings arranged as four separate office suites over lower ground, ground and first floors.
- Total area of 10,191 sq ft.
- Freehold.
- Multi let to 3 tenants with a WAULT of 3.6 years to expiry and 3 years to break.
- C1 First Floor comprising 2,009 sq ft is currently vacant with the ERV in the region of £17 per sq ft. The vendor will guarantee 12 months of empty rates and service charge.
- Producing a low passing rent of £110,942.50 per annum, with an estimated rental value of £151,838 per annum.
- 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.
