FOR SALE - GVA
FOR SALE
On behalf of RSM Restructuring Advisory LLP
MODERN HIGH QUALITY OFFICE BUILDINGS
Freehold – in established office location
n
Three buildings totalling 17,236 sq. ft
n
Part Investment – Let to Mitsubishi Electric Europe BV
n
Part vacant possession
n
CLICK TO ENTER
MODERN HIGH QUALITY OFFICE BUILDINGS UNITS 1 & 2, 5 & 6 AND 7 & 8 VANTAGE COURT OLD GLOUCESTER ROAD | HAMBROOK | BRISTOL BS16 1FX
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
VANTAGE COURT
LOCATION Bristol is the largest and principal financial and commercial city in the South West, located 192km (120 miles) west of London, 136km (85 miles) south-west of Birmingham and 64km (40 miles) east of Cardiff. Vantage Court is located off Old Gloucester Road (B4427) close to the junction with Winterbourne Road (B4057) in the North Bristol office location. The village of Winterbourne is 1.2 miles away and Vantage Court is approximately 1.34 miles from Bristol Parkway Station with excellent journey times to London Paddington (70 minutes) and to South Wales, the South West and the Midlands. There are a number of leisure and retail facilities in close proximity including the Willow Brook Centre, Bradley Stoke Leisure Centre, Busy Bees day nursery and Virgin Active. Vantage Court is approximately 2 miles from junction 1 of the M32 and about 4 miles from junction 16 of the M5.
DESCRIPTION Vantage Court comprises four modern office buildings forming a small purpose-built office park development in an attractive setting. Each building is two storey of steel frame construction faced with brick and with cement slate roofs.
Click on map for larger view.
The key specifications are: n
Open plan layout
n
Suspended ceiling with recessed LG3 lighting
n
Ducted VRV/ VRF comfort cooling system
n
Raised access floors
n
Parking spaces
n
Kitchenette facilities
SCHEDULE OF ACCOMMODATION Originally comprising four buildings, Anana House has been sold. Of the remaining three buildings, one is leased to and occupied by Mitsubishi Electric Europe BV and two are vacant. The property provides the following floor/site areas: UNITS
Sq m
Sq. ft
1/2 (Vacant)
629.86
6,780
5/6 (Vacant)
484.86
5,219
7/8 (Mitsubishi)
486.52
5,237
1,601.24
17,236
Total
08449 02 03 04 | gva.co.uk/9853
EXIT
Promap Licence No. 100022432
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
TENANCIES CONTACT All enquiries should be made to:
ANDREW CAPES
Units 7 & 8 are let on two leases with the following aggregate terms: TENANT
TERM
RENT (£P.A.X.)
Lease expiring 13 February 2022
£62,928 per annum plus VAT
0117 988 5234 [email protected]
Mitsubishi Electric Europe BV
RICHARD HOWELL
Lease is subject to rent review and a tenant’s break in February 2018.
0117 988 5210 [email protected]
Comments
Indicative boundaries for identification purposes only.
Click on map for larger view.
EPC These are available on request.
TENURE The property is held freehold.
PROPOSITION Key performance indicators on Mitsubishi Electric Europe BV include turnover £1,763,754,200 and pretax profit of £22,999,929 for year-end March 2015. Creditsafe gives the company a rating of 87 out of 100 and an international score of A, i.e. very low risk.
RATING ASSESSMENT Purchasers are advised to make their own enquiries of the Valuation Office.
SERVICES We understand that all main services are connected to the site with the exception of gas. The property is held freehold.
We are instructed to sell the three buildings as a single lot but consideration will be given to selling individually.
PRICE On application.
LEGAL COSTS Each party to bear their own legal costs
VAT We have been informed that there is an option to tax on this property so there will be VAT payable on the purchase price.
VIEWING By appointment only.
Subject to Contract . Particulars dated June 2016. DISCLAIMER Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
08449 02 03 04 | gva.co.uk/9853
EXIT
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
Click on image to return to main text.
08449 02 03 04 | gva.co.uk/9853
VANTAGE COURT
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
Click on image to return to main text.
08449 02 03 04 | gva.co.uk/9853
On behalf of RSM Restructuring Advisory LLP
MODERN HIGH QUALITY OFFICE BUILDINGS
Freehold – in established office location
n
Three buildings totalling 17,236 sq. ft
n
Part Investment – Let to Mitsubishi Electric Europe BV
n
Part vacant possession
n
CLICK TO ENTER
MODERN HIGH QUALITY OFFICE BUILDINGS UNITS 1 & 2, 5 & 6 AND 7 & 8 VANTAGE COURT OLD GLOUCESTER ROAD | HAMBROOK | BRISTOL BS16 1FX
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
VANTAGE COURT
LOCATION Bristol is the largest and principal financial and commercial city in the South West, located 192km (120 miles) west of London, 136km (85 miles) south-west of Birmingham and 64km (40 miles) east of Cardiff. Vantage Court is located off Old Gloucester Road (B4427) close to the junction with Winterbourne Road (B4057) in the North Bristol office location. The village of Winterbourne is 1.2 miles away and Vantage Court is approximately 1.34 miles from Bristol Parkway Station with excellent journey times to London Paddington (70 minutes) and to South Wales, the South West and the Midlands. There are a number of leisure and retail facilities in close proximity including the Willow Brook Centre, Bradley Stoke Leisure Centre, Busy Bees day nursery and Virgin Active. Vantage Court is approximately 2 miles from junction 1 of the M32 and about 4 miles from junction 16 of the M5.
DESCRIPTION Vantage Court comprises four modern office buildings forming a small purpose-built office park development in an attractive setting. Each building is two storey of steel frame construction faced with brick and with cement slate roofs.
Click on map for larger view.
The key specifications are: n
Open plan layout
n
Suspended ceiling with recessed LG3 lighting
n
Ducted VRV/ VRF comfort cooling system
n
Raised access floors
n
Parking spaces
n
Kitchenette facilities
SCHEDULE OF ACCOMMODATION Originally comprising four buildings, Anana House has been sold. Of the remaining three buildings, one is leased to and occupied by Mitsubishi Electric Europe BV and two are vacant. The property provides the following floor/site areas: UNITS
Sq m
Sq. ft
1/2 (Vacant)
629.86
6,780
5/6 (Vacant)
484.86
5,219
7/8 (Mitsubishi)
486.52
5,237
1,601.24
17,236
Total
08449 02 03 04 | gva.co.uk/9853
EXIT
Promap Licence No. 100022432
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
TENANCIES CONTACT All enquiries should be made to:
ANDREW CAPES
Units 7 & 8 are let on two leases with the following aggregate terms: TENANT
TERM
RENT (£P.A.X.)
Lease expiring 13 February 2022
£62,928 per annum plus VAT
0117 988 5234 [email protected]
Mitsubishi Electric Europe BV
RICHARD HOWELL
Lease is subject to rent review and a tenant’s break in February 2018.
0117 988 5210 [email protected]
Comments
Indicative boundaries for identification purposes only.
Click on map for larger view.
EPC These are available on request.
TENURE The property is held freehold.
PROPOSITION Key performance indicators on Mitsubishi Electric Europe BV include turnover £1,763,754,200 and pretax profit of £22,999,929 for year-end March 2015. Creditsafe gives the company a rating of 87 out of 100 and an international score of A, i.e. very low risk.
RATING ASSESSMENT Purchasers are advised to make their own enquiries of the Valuation Office.
SERVICES We understand that all main services are connected to the site with the exception of gas. The property is held freehold.
We are instructed to sell the three buildings as a single lot but consideration will be given to selling individually.
PRICE On application.
LEGAL COSTS Each party to bear their own legal costs
VAT We have been informed that there is an option to tax on this property so there will be VAT payable on the purchase price.
VIEWING By appointment only.
Subject to Contract . Particulars dated June 2016. DISCLAIMER Bilfinger GVA is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
08449 02 03 04 | gva.co.uk/9853
EXIT
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
Click on image to return to main text.
08449 02 03 04 | gva.co.uk/9853
VANTAGE COURT
MODERN HIGH QUALITY OFFICE BUILDINGS Units 1 & 2, 5 & 6 and 7 & 8 Vantage Court Old Gloucester Road | Hambrook | Bristol | BS16 1FX
Click on image to return to main text.
08449 02 03 04 | gva.co.uk/9853
