Beaufort Office Park, Bristol, Investment, For Sale

Beaufort Office Park

TENURE For Sale

SIZE 28,480 sq ft

GUIDE £ £3,500,000

Totals 28,480 sq ft NIA of office accommodation across 11 buildings (excludes two buildings sold LLH)
Freehold.
Occupied by nine tenants across ten leases with a WAULT of 2.10 years to expiry and 1.66 years to breaks.
Producing a passing rent of £343,585 per annum, equating to a low average rent of £16.33 per sq ft.
Headline ERV of £507,068 per annum (£17.80 per sq ft overall).
Two vacant units totalling 7,455 sq ft (26%).
We are instructed to seek offers of £3,500,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 9.21%, rising to 12.83% on letting the two vacant suites, after allowing for purchaser’s costs of 6.50%. This reflects a low capital value of £123 psf.