123 Winterstoke Road, , Bristol, BS3 2LL

Summary

Secure Grade A Office Investment

Location

The property is located off the busy Winterstoke Road within Bristol City Centre. 123 Winterstoke Road is accessed off the A370 and lies south est of the city. Winterstoke Road offers excellent accessibility to the national motorway network, A4 Portway and the M32.

Other nearby occupiers include Sainsbury's Computershare, Babcock, David Lloyds Clubs, Royal Navy and Bristol City Football Club.

Executive Summary

• Grade A office building within the city of Bristol
• Let in its entirety on a single 10 year FRI lease, to Imperial Tobacco Limited guaranteed by Imperial Brands PLC
• Upwards only rent review to open market value in the 5th year
• The asset benefits from an investment grade guarantor Imperial Brands PLC (S&P: BBB / Moody: Baa3)
• A two storey building totalling 50,708 sq ft (4,710.9 sq m) IPMS3, comprising offices, café and terrace, completed in 2014
• The building offers Grade A specification office accommodation, with 134 car parking spaces providing a ratio of 1:378 sq ft • BREEAM ‘Very Good’
• Freehold interest occupying a site of 2.92 acres (1.183 hectares)
• The passing rent will be set at £1,112,433 per annum which equates to a passing rent of £22.50 per sq ft 
• Offers are sought in excess of £17,000,000 (Seventeen Million Pounds), subject to contract and exclusive of VAT
• A purchase at this level reflects an attractive net initial yield of 6.07% assuming purchasers costs of 7.8%

Property Description