10 Canons Way
Bristol BS1 5LF
Lloyds Harbourside · Office Property For Sale
Investment Highlights
- Long let with a term certain of 8.1 years to Bank of Scotland Plc who has a S&P Global and Fitch credit rating of A+
- Lloyds Banking Group has just completed a £15m upgrade/refurbishment having recently consolidated their operations into 10 Canons Way
- Strong ESG credentials including BREEAM 'Excellent' with a tenant focussed on achieving operational Net Zero Carbon by 2030
Executive Summary
The freehold investment interest of the premises is available for sale for a quoting price of £70,000,000, reflecting a net yield of around 8%.
The building comprises a comprehensively refurbished city centre landmark headquarters office building arranged over five storeys. Developed by Crest Nicholson Plc and completed in 2007, the building’s attractive design incorporates a large, glazed atria and an extensive glazed waterfront elevation, which provides bright and highly specified accommodation.
The building comprises a comprehensively refurbished city centre landmark headquarters office building arranged over five storeys. Developed by Crest Nicholson Plc and completed in 2007, the building’s attractive design incorporates a large, glazed atria and an extensive glazed waterfront elevation, which provides bright and highly specified accommodation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
176,611 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2007
Price
$85,642,629
Price Per SF
$485
Cap Rate
8%
NOI
$6,851,410
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
35,322 SF
Slab To Slab
10’
Building FAR
4.91
Lot Size
0.83 AC
Parking
95 Spaces (0.45 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Security System
- Waterfront
- Energy Performance Rating - C
- Bicycle Storage
- Common Parts WC Facilities
- DDA Compliant
- Demised WC facilities
- Recessed Lighting
- Shower Facilities
- Drop Ceiling
- Air Conditioning