Summary
| Property Type | Investment / Office |
| Tenure | For Sale |
| Size | 10,191 sq ft |
| Price | 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.
About
Vantage Office Park Phase One comprises 8 modern office buildings on an established and landscaped setting. C1 and C2 comprises a single terrace of two office buildings arranged as four separate suites over lower ground, ground and first floors. The property was constructed in the early 2000’s and is of steel frame construction, arranged under a pitched roof.
The building provides modern, part refurbished, open plan office accommodation with raised floors and suspended ceilings throughout. The property includes parking for 32 cars.
Location
Vantage Office Park is located on Old Gloucester Road, Bradley Stoke, 6.5 miles North West of Bristol. The Park is situated in an elevated position, fronting the B4057 Winterbourne Road and visible from the M4 motorway.
The property is easily accessed from J1 of the M32 and is only 4 minutes and 6 minutes drive respectively from the A38 and J16 of the M5. Bristol Parkway railway station is approximately 1 mile away and provides direct connections to London Paddington. The Metrobus M1 runs close to the site and provides excellent connectivity from North to South Bristol. There are a number of local bus services running along Stoke Gifford Way and Winterbourne Road.
Nearby commercial occupiers include Amcor Flexibles, Mitsubishi Electric, Simwood and Bupa Dental Care.
Amenities nearby include Winter Stream Farmhouse Inn, Nuffield Health Fitness & Wellbeing Gym, Bradley Stoke Leisure Centre and Willow Brook Retail Centre, anchored by Tesco Extra.
Mainline Stations
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Bristol Parkway17 mins
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Patchway29 mins
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Filton Abbey Wood37 mins
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Stapleton Road80 mins
Underground Station
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Reading1296 mins
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Twyford1385 mins
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Maidenhead1499 mins
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Taplow1534 mins
Downloads
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Further Information
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Tenancy
The property is multi-let to 3 tenants and currently produces £110,942.50 per annum, with a WAULT of 3.6 years to expiry and 3 y ears to break. All tenancies are excluded from the security provisions within sections 24 28 of the Landlord and Tenant Act 1954.
There is one suite currently vacant, Unit C1 First Floor. We are of the opinion that the ERV is in the region of £17 per sq ft. The vendor will guarantee 12 months of empty rates and service charge for the vacant suite, C1 First Floor which currently totals £18,963 (£7,237 for service charge and £11,726.50 for vacant business rates).
Gallery
