200 Aztec West, Park Avenue, Bristol
200 Aztec West, Park Avenue, Bristol, BS32 4SY, GB
Property Features
- Located at the gateway to Aztec West Business Park, Bristol’s premier out-of-town commercial district.
- Comprises four substantially refurbished office buildings totalling 45,199 sq ft NIA, configured to provide 11 suites.
- Continuous refurbishment in recent years provides modern accommodation with minimal capital expenditure requirements.
- ESG focussed space benefitting from EPC A and B ratings.
- Outstanding car parking ratio of 1:170 sq ft, reflecting 267 spaces.
- Multi-let to 8 tenants with an Average Weighted Unexpired Lease Term of 5.29 years to expiries and 2.43 years to breaks, at a total passing rent of £831,426 per annum.
- Immediate opportunity to let 2 fully refurbished vacant suites, totalling 5,057 sq ft.
- We are instructed to seek offers in excess of £7,000,000 (Seven Million Pounds) subject to contract and exclusive of VAT. A purchase at this level provides an attractive net initial yield of 11.14%, a reversionary yield of 12.59% and a capital value of £155 psf.
Opportunity to acquire a high yielding multi-let office investment opportunity located in Bristol's premier out-of-town business park.
200 Aztec West comprises four imposing two storey, L-shaped buildings arranged in squares, to create attractive central external garden courtyards. Each building provides highly flexible accommodation thanks to dual entrance cores, which enable lettings as a whole, individual floors or subdivided basis to a range of size options.
The property is multi-let to 8 tenants with an Average Weighted Unexpired Lease Term of 2.43 years to breaks and 5.29 years to expiries. The total rent of £831,426 per annum, reflects £20.71 per sq ft overall. There is an immediate opportunity to let 2 fully refurbished vacant suites, totalling 5,057 sq ft which could provide an additional income of £108,726 per annum.
Location
The property is located at the gateway to Aztec West Business Park, Bristol’s premier out of town commercial district. Aztec West benefits from its surrounding exceptional transport links, being situated adjacent to Junction 16 of the M5 Motorway, just 1 mile from the its interchange with Junction 20 of the M4 Motorway.
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