Unit 5 & 6, Eclipse Office Park, Bristol
Unit 5 & 6, Eclipse Office Park, Bristol, Gloucestershire, BS16 5EL, GB
Property Features
- Purpose-built office building situated in Bristol
- 5,951 sq ft (NIA) arranged over three floors
- Freehold
- The property is let to 5 tenants with a WAULT of 1.51 years to expiry
- Currently producing £55,071.86 per annum, equating to a low 9.25 per sq ft
- Reversionary potential with the latest letting taking place at £10.29 per sq ft
- We are instructed to seek offers in excess of £550,000 subject to contract and exclusive of VAT
- A purchase at this level reflects a net initial yield of 9.55%, a reversionary yield of 10.61% and a low capital value of £92 per sq ft
Highly Reversionary Multi-Let Office in Bristol, with Reversionary Potential
The property comprises a mid-1980s terraced, purpose-built office building, arranged over three floors which benefits from good natural light. The building includes open-plan floor plates, providing flexible workspace layouts that can accommodate a range of occupier requirements, as well as double glazed windows and gas-fired central heating. Units 5& 6 achieved a compliant EPC grade of C. The property also benefits from 21 car parking spaces, an attractive feature for both occupiers and visitors.
Location
The property is located on Staple Hill High Street in Bristol, a popular commercial suburb of Bristol and the social centre of Staple Hill. It's situated within close proximity to local amenities including independent bakeries and cafes, creating a convenient and appealing setting for occupiers, staff, and visitors.
Bristol is widely regarded as one of the UK's most vibrant regional cities, combining a strong commercial base with a distinctive cultural identity, also home to approximately 550,000 residents and supported by a wider travel to work catchment of around 1.6 million people.
Connectivity
Eclipse Office Park is situated within close proximity to the M32, providing direct access to the M4 via J19 and Bristol City Centre.
It lies approximately 5 miles north of Bristol City Centre, easily reached by bus and directly connected to the Bristol & Bath Railway Path.
The City itself also benefits from a highly skilled workforce and excellent road, rail and air links.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| g Ground Floor 5 &6 | 1,446 | 134.34 | On Application | Let |
| 1st First Floor Unit 5 | 1,160 | 107.77 | On Application | Let |
| 1st First Floor Unit 6 | 1,120 | 104.05 | On Application | Let |
| 2nd Second Floor Unit 5 | 1,062 | 98.66 | On Application | Let |
| 2nd Second Floor Unit 6 | 1,163 | 108.05 | On Application | Let |
| Total | 5,951 | 552.87 |
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