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The Cube, 1 Lower Lamb Street, Bristol, BS1 5UD
15,116 Sq Ft / Offices
Withdrawn - Last updated: 20 July 2024
Summary
Freehold City Centre Office Investment
Location
The Cube is located approximately mile to the south-west of Bristol city centre within the Harbourside area. The building occupies a prominent position fronting the busy A4 Anchor Road, which forms one of the main access roads to the city.
Terms
Let on FRI terms to Frazer-Nash Consultancy Limited until 30th September 2021.
Investment Summary
- Prominent position within Harbourside, fronting one of Bristol’s main access roads to the City Centre.
- 5 storey office building totalling 15,116 sq ft NIA. •Freehold.
- Let on FRI terms to Frazer-Nash Consultancy Limited until 30th September 2021.
- Low base rent of £290,500 per annum (£19.58 psf).
- Opportunities to add value through outstanding 2016 review.
- Strong covenant with D&B Rating of 4A1.
- Offers are sought in excess of £4,525,000 (Four Million Five Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT.
- Net initial yield of 6.02% with immediate reversion through outstanding 2016 review, after allowing for purchaser’s costs of 6.57%.
- Low capital value of £299 psf.
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