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Javelin House Gloucester Business Park 52,626 sq ft Office Property Brockworth GL3 4AA £17,600,000 (£334.44/sq ft) 8.50% Net Initial Yield
Executive Summary
Instructed to seek offers in excess of £17,600,000 for the freehold interest, subject to contract and exclusive of VAT.
Assuming purchaser’s costs of 8.5%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
Assuming purchaser’s costs of 8.5%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
52,626 sq ft
Costar Property Class
B
Year Built/Renovated
2015/2022
Price
£17,600,000
Price per sq ft
£334.44
Yield
8.50%
NOI
£1,496,000
Tenancy
Single
Number of Floors
3
Typical Floor Size
17,295 sq ft
Plot ratio
0.60
Total Plot Size
2.00 ac
Parking
224 Spaces (4.32 Spaces per 1,000 sq ft Leased)
Amenities
- EPC - B
- Central Heating
- DDA Compliant
- Demised WC facilities
- Lift Access
- Reception
- Shower Facilities
- Suspended Ceilings
- Raised Floor System
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Javelin House | Gloucester Business Park
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