Property photos
Just added
Freehold
Offers over
£3,000,000
(£170.58/sq. ft)
Property for sale
715 Aztec West, Bristol BS3217,587 sq. ft
Local area information
Property location
Nearby amenities
- Patchway Community School 0.3 miles
- SGS Pegasus School 0.3 miles
- Patchway 1 mile
- Bristol Parkway 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Located on Bristol’s premier business park, just 0.5 miles from Junction 16 of the M5 and within 1 mile of the M4/M5 interchange
- Comprises a 17,587 sq ft detached office building, arranged over ground and first floors and a link building, refurbished in 2014 and 2023
- Parking provision for 79 cars, providing an excellent ratio of 1:223
- Freehold
- Fully let to three tenants including Antillion Ltd, Imagination Technologies Ltd and Miller Homes Ltd with Attractive WAULT of 6.8 years to expiry, 4.7 years to break
- Total passing rent of £345,991 per annum, reflecting a low passing rent of £19.67 per sq ft
- Opportunity to surrender Imagination Technologies Ltd lease and re-let at higher rent
- We are instructed to seek offers in excess of £3,000,000 (three million pounds), subject to contract and exclusive of VAT, reflecting an attractive net initial yield of 10.83% (assuming purchaser’s costs of 6.45%) and a low capital value of £171 per sq ft.
Description
The property comprises an early 1990’s, modern two storey office building of steel portal frame construction, arranged under a pitched, tiled roof. There is a further self-contained one-storey link building, arranged as an open plan office.
The property was extensively refurbished in 2014, which included replacement of all mechanical and electrical services. A further refurbishment took place in 2023 to the 1st floor and all communal areas of the main office building.
Externally the property benefits from a generous parking provision for 79 cars, equating to an excellent parking ratio of 1:223 sq ft. The property has a site area of 1.05 acres.
Location
The property is located in Aztec West, Bristol’s premier business park. Covering an expansive 152 acres, it is the most established out-of town office location in the South West, making it a top choice for businesses. The park can be easily accessed off the A38, approximately 5 minutes to Junction 16 of the M5, and Bristol City Centre is approximately 8 miles to the south.
The park continues to attract and retain major occupiers, including Virgin Media, Edvance, National Highways, Rheinmetall, Kuehne + Nagel and Allianz, as well as numerous house builders including Barratt Homes, Bellway and David Wilson.
Bristol enjoys excellent transport links, with two mainline railway stations, excellent road connectivity and a major airport offering flights to over 100 destinations.
Tenancy
The property is multi-let to three tenants. Imagination Technologies Ltd have a lease of the ground floor of building 715 with four years remaining to expiry at a passing rent of £18.51 per sq ft. This tenant is not currently in occupation. Miller Homes Limited have recently taken a new 10-year lease on the first floor of building 715 at a passing rent of £20.33 per sq ft. Antillion Ltd have a lease of The Link building from 09/11/2016 to 08/11/2026. Terms have been agreed and solicitors are instructed on a reversionary lease for a term of five years at a passing rent of £20.90 per sq ft. The property provides an awult to expiry of 6.8 years and an awult to breaks of 4.7 years.
The property comprises an early 1990’s, modern two storey office building of steel portal frame construction, arranged under a pitched, tiled roof. There is a further self-contained one-storey link building, arranged as an open plan office.
The property was extensively refurbished in 2014, which included replacement of all mechanical and electrical services. A further refurbishment took place in 2023 to the 1st floor and all communal areas of the main office building.
Externally the property benefits from a generous parking provision for 79 cars, equating to an excellent parking ratio of 1:223 sq ft. The property has a site area of 1.05 acres.
Location
The property is located in Aztec West, Bristol’s premier business park. Covering an expansive 152 acres, it is the most established out-of town office location in the South West, making it a top choice for businesses. The park can be easily accessed off the A38, approximately 5 minutes to Junction 16 of the M5, and Bristol City Centre is approximately 8 miles to the south.
The park continues to attract and retain major occupiers, including Virgin Media, Edvance, National Highways, Rheinmetall, Kuehne + Nagel and Allianz, as well as numerous house builders including Barratt Homes, Bellway and David Wilson.
Bristol enjoys excellent transport links, with two mainline railway stations, excellent road connectivity and a major airport offering flights to over 100 destinations.
Tenancy
The property is multi-let to three tenants. Imagination Technologies Ltd have a lease of the ground floor of building 715 with four years remaining to expiry at a passing rent of £18.51 per sq ft. This tenant is not currently in occupation. Miller Homes Limited have recently taken a new 10-year lease on the first floor of building 715 at a passing rent of £20.33 per sq ft. Antillion Ltd have a lease of The Link building from 09/11/2016 to 08/11/2026. Terms have been agreed and solicitors are instructed on a reversionary lease for a term of five years at a passing rent of £20.90 per sq ft. The property provides an awult to expiry of 6.8 years and an awult to breaks of 4.7 years.
More information
Listed by
Hartnell Taylor Cook LLP
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