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600/650 Aztec West, Almondsbury, Bristol, BS32 4SD
25,143 Sq Ft / Offices
Withdrawn - Last updated: 15 April 2023
Summary
Office Investment with Asset Management Opportunities
Location
Aztec West Business Park is considered to be Bristol's prime out of town location. The property occupies a prominent position in the centre of the Park.
Specification
The buildings benefit from the following internal specification:
- Full height glazed staircase/entrance lobby
- Raised floors
- Suspended ceilings with recessed lighting
- Air conditioning
- Double glazed windows
- 1 x 13 person passenger lift in each building
- Male, Female and disabled WCs on each floor
- Shower facilities
600 Aztec West includes 68 car parking spaces providing a ratio of 1:186 sq ft. 650 Aztec West has 70 car parking spaces although the tenant has increased this to 92 through double parking. This provides a ratio of 1:136 sq ft.
Terms
We are instructed to seek offers of 5,130,000 (Five Million, One Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.50% and a low capital value of 204 psf assuming purchasers costs of 6.6%.
Viewings
Please contact Oliver Paine
VAT
We understand the property is elected for VAT. It is the intention of the parties that the transaction will be treated as a Transfer of a Going Concern (TOGC).
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