600/650 Aztec West, Almondsbury, Bristol, BS32 4SD

Office Investment with Asset Management Opportunities
Bristol is the commercial capital of the South West and the 5th largest city in the UKAztec West is the premier business park in the South West strategically located on the junction of the M5/M4 motorwaysBuildings 600/650 comprise two prominent self contained office buildings arranged over ground and first floors totalling 12,668 160 car parking spaces providing an excellent ratio of 1:157 sq ftFreeholdLet to Taylor Wimpey UK Limited until 7 January 2017 and Co-operative Legal Services until 24 February 2018A combined current passing rent of 465,064 per annumPrime headline rents in Aztec West currently stand at 21 psf offering a significant discount to the City Centre. The prime renShort term asset management opportunities SpecificationThe buildings benefit from the following internal specification:

Full height glazed staircase/entrance lobby
Raised floors
Suspended ceilings with recessed lighting
Air conditioning
Double glazed windows
1 x 13 person passenger lift in each building
Male, Female and disabled WCs on each floor
Shower facilities

600 Aztec West includes 68 car parking spaces providing a ratio of 1:186 sq ft.  650 Aztec West has 70 car parking spaces although the tenant has increased this to 92 through double parking.  This provides a ratio of 1:136 sq ft. TermsWe are instructed to seek offers of 5,130,000 (Five Million, One Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive Net Initial Yield of 8.50% and a low capital value of 204 psf assuming purchasers costs of 6.6%. ViewingsPlease contact Oliver PaineVATWe understand the property is elected for VAT. It is the intention of the parties that the transaction will be treated as a Transfer of a Going Concern (TOGC).

Location