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Kings Orchard
TENURE
For Sale
SIZE
90,473 sq ft
GUIDE £
Offers in excess of £15,800,000
- Occupying a unique location overlooking the Floating Harbour, within walking distance of Temple Meads and Bristol’s shopping quarter.
- Extending to 90,473 sq ft of office accommodation arranged over ground and five upper floors.
- Let on an FRI lease to Bevan Brittan LLP expiring 13 March 2027 at a passing rent of £2,033,000 per annum. The tenant is anticipated to vacate at lease expiry.
- Rent equates to only £22.47 per sq ft, offering significant reversionary potential representing a 59% discount to Bristol’s current prime rent of £55 per sq ft.
- Freehold.
- We are instructed to seek offers of £15,800,000 (Fifteen Million Eight Hundred Thousand Pounds) only. Subject to contract and exclusive of VAT.
- A purchase at this level reflects a net initial yield of 12.06% (assuming Purchaser’s costs at 6.43%) and a capital value per square foot of £174.64.
Kings Orchard, 1 Queen Street, Bristol, BS2 0HQ
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