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Bath Rd - The Deco Building
1,500 SF Office Condo Unit Offered at $567,305 in Bristol BS4 3EH
Investment Highlights
- Approximately 1.4 miles from Temple Meads Railway Station
- Extensive retail park facilities within the Brislington area which is less than 1 mile away
- Located within a short drive to a number of facilities within the City Centre
Executive Summary
Paintworks is a unique development on the edge of Bristol City Centre, close to Temple Meads Station. Paintworks is an exciting development comprising a mixture of former brick built workshops and new build accommodation which encompasses Bristol’s creative quarter. Located on the site of a former Victorian paint factory, Paintworks is a vibrant and hugely successful mixed use development comprising studio/offices, live/work and residential spaces, representing Bristol’s creative quarter.
Property Facts
| Price | $567,305 | Building Class | B |
| Unit Size | 1,500 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 11,469 SF |
| Total Building Size | 22,938 SF | Year Built | 1968 |
| Property Type | Office (Condo) | Lot Size | 11.59 AC |
| Property Subtype | Office/Residential | Parking Ratio | 0.19/1,000 SF |
| Sale Type | Investment |
| Price | $567,305 |
| Unit Size | 1,500 SF |
| No. Units | 1 |
| Total Building Size | 22,938 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 11,469 SF |
| Year Built | 1968 |
| Lot Size | 11.59 AC |
| Parking Ratio | 0.19/1,000 SF |
1 Unit Available
Unit 7.07
| Unit Size | 1,500 SF | Sale Type | Investment |
| Price | $567,305 | Tenure | Long Leasehold |
| Price Per SF | $378.20 | Cap Rate | 7.46% |
| Condo Use | Office | NOI | $42,320.98 |
| Unit Size | 1,500 SF |
| Price | $567,305 |
| Price Per SF | $378.20 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.46% |
| NOI | $42,320.98 |
Description
Unit 7.07 forms part first floor of Deco Building, which was the
administration block of the original paint factory.
The building provides nine characterful self-contained offices,
each comprising WC and kitchen, with reclaimed timber flooring, perimeter trunking, gas-fired central heating and recessed lighting. The unit benefits from two on site allocated car parking spaces.
Sale Notes
999 year long leasehold from 2006, subject to a ground rent of £350 per annum which is subject to RPI linked reviews every 25 years. Seeking offers in excess of £445,000 (Four Hundred and Forty Five Thousand Pounds).
This reflects a net initial yield of 7.46% assuming purchaser’s costs of 4.44%
Amenities
- Restaurant
- Security System
- Energy Performance Rating - D
- Storage Space
-
Oliver Stretton -
Alder King LLP
Presented by
Bath Rd - The Deco Building
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