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Liberty House South Liberty Ln 10,851 SF 90% Leased Office Building Bristol BS3 2ST $1,795,183 ($165.44/SF) 8.31% Cap Rate
Investment Highlights
- Approximately 2 miles south of Bristol city centre
- Good access with the A38 linking to the airport and providing links to the M5 and M32 motorways
- Large secure parking area
Executive Summary
The detached property provides office accommodation over ground, first and second floors, The building has benefitted from a complete rebuild and refurbishment in 2004, which included the addition of a second floor.
A multi-let office investment in South Bristol with reversionary rent and development potential.
The quoting price is £1,300,000 exclusive, which reflects a low capital value of £120 psf and NIY of 8.31%. There is scope for reversion on the rental income through rolling refurbishment.
A multi-let office investment in South Bristol with reversionary rent and development potential.
The quoting price is £1,300,000 exclusive, which reflects a low capital value of £120 psf and NIY of 8.31%. There is scope for reversion on the rental income through rolling refurbishment.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,851 SF
Building Class
B
Year Built/Renovated
1990/2004
Price
$1,795,183
Price Per SF
$165.44
Cap Rate
8.31%
NOI
$149,180
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,617 SF
Building FAR
0.64
Lot Size
0.39 AC
Parking
33 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Accent Lighting
- Energy Performance Rating - C
- Demised WC facilities
- Fully Carpeted
- Perimeter Trunking
- Drop Ceiling
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This second floor office suite is available to let on terms to be agreed for the quoting rent of £11.50 psf.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,069 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 1,069 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size | 1,069 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This second floor office suite is available to let on terms to be agreed for the quoting rent of £11.50 psf.
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Liberty House | South Liberty Ln
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