Iconic city centre office investment

Opportunity to acquire Bristol’s tallest office building providing accommodation over basement, ground and 17 upper floors. Situated in the heart of Bristol city centre in close proximity to the office core. The building comprises 132,151 sq ft (12,277.1 sq m) NIA of lettable, flexible, open plan accommodation. Comprehensively refurbished including the remodelling of the reception, creation of new cycle facilities, Cat A refurbishment and amenities. Outstanding cycling provision, achieving the UK’s First Platinum Plus 100 Cycling Score. Gross rent of £3,597,957 per annum, reflecting a low overall average rent of £27.23 per sq ft which is a discount to prime city centre rents of 36%. Net rent of £3,371,368 per annum (after deducting the head rent and service charge shortfall of £27,955). Prime office rents in Bristol now stand at £42.50 per sq ft. The underlying vacant possession value of the property is supported by alternative use values in the surrounding area, including residential, commercial, and recreational uses. 84 car parking spaces providing an excellent city centre car parking ratio of 1:1,573 sq ft. WAULT of 3.3 years to breaks and 5.2 years to expiries. 94% occupied to 15 tenants . 61% of the income secured to Very Low or Low risk covenants.