|Property Reference Number||663738|
Single-let Office Investment located adjacent to the Bristol Ring Road.
The freehold property comprises 26,871 sq ft of office accommodation fully let to the strong covenant of ALD Automotive.
• Well located immediately to the north of the A4174, Bristol Ring Road on the northern edge of Emersons Green
• Three miles to the east of Junction 19 of the M32 and 6 miles from the M4/M5 Interchange
• Modern three storey office building totalling 26,871 sq ft (2,496.38 sq m) NIA
• Excellent parking ratio of 1:220 sq ft
• Let to strong covenant of ALD Automotive Limited (5A 1 D&B rating)
• Let for a term of 12 years expiring on 31st May 2022
• Passing rent of £567,693 per annum equating to an overall rent of £21.25 per sq ft
• Offers in excess of £5,750,000 (Five Million Seven Hundred Fifty Thousand Pounds) subject to contract and exclusive of VAT
• Net Initial Yield of 9.26% after costs of purchase at 6.62%