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Queen Square House 18-21 Queen Sq 35,287 SF 93% Leased Office Building Bristol BS1 4PF $5,795,904 ($164.25/SF) 11.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated on the prestigious Queen Square, home to notable occupiers such as KPMG, Handelsbanken, and No5 Barristers Chambers
- 71% of the lettable floor space is situated within the contemporary rear element of the building, with the remaining 29% found in the period element
- Excellent Tenant base, multi-let to 9 tenants from a broad range of industries, including publishing, law, real estate development, and consultancy
- Comprises 35,287 sq ft NIA of well-configured office accommodation over ground and three upper floors
- Significant capital expenditure undertaken over recent years to common parts, lifts, roof, and boiler
- Let off a low average contracted net rent of £20.72 per sq ft, with recent lettings agreed at £23.50 per sq ft
EXECUTIVE SUMMARY
Seeking offers for the long-leasehold interest in the property in excess of £4,350,000 (Four Million, Three Hundred and Fifty Thousand Pounds), subject to Contract and exclusive of VAT. Assuming standard purchaser’s costs of 6.58%, a purchase at this level will reflect a Net Initial Yield of 11.49%, and potential to drive returns further by leasing the vacant suites, which could deliver a Reversionary Yield of 13.19%.
PROPERTY FACTS
AMENITIES
- Kitchen
- Energy Performance Rating - D
- Reception
- Storage Space
- Bicycle Storage
- Central Heating
- Demised WC facilities
- Perimeter Trunking
- Shower Facilities
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
| Space | Size | Space Use | Condition | Available |
| Ground-Ste G5-6 | 403 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 1.3 | 962 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 3.4 | 243 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 3.5 | 375 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 3.6 | 375 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 3.7 | 239 SF | Office | Partial Build-Out | Now |
Ground-Ste G5-6
| Size |
| 403 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 1.3
| Size |
| 962 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 3.4
| Size |
| 243 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 3.5
| Size |
| 375 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 3.6
| Size |
| 375 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 3.7
| Size |
| 239 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Ground-Ste G5-6
| Size | 403 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
1st Fl-Ste 1.3
| Size | 962 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
3rd Fl-Ste 3.4
| Size | 243 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
3rd Fl-Ste 3.5
| Size | 375 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
3rd Fl-Ste 3.6
| Size | 375 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
3rd Fl-Ste 3.7
| Size | 239 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This office suite is available to let on terms to be agreed for the quoting rent of £23.50psf.
Presented by
Queen Square House | 18-21 Queen Sq
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