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Javelin House Gloucester Business Park

52,626 SF Office Building Gloucester GL3 4AA $24,326,771 ($462/SF) 7.75% Cap Rate

Executive Summary

Instructed to seek offers in excess of £19,350,000 for the freehold interest, subject to contract and exclusive of VAT.
Assuming purchaser’s costs of 6.75%, 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
Building Size
52,626 SF
Building Class
B
Year Built/Renovated
2015/2022
Price
$24,326,771
Price Per SF
$462
Cap Rate
7.75%
NOI
$1,885,325
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
17,542 SF
Building FAR
0.60
Lot Size
2.00 AC
Parking
224 Spaces (4.26 Spaces per 1,000 SF Leased)

Amenities

  • Raised Floor
  • Energy Performance Rating - B
  • Central Heating
  • DDA Compliant
  • Demised WC facilities
  • Direct Elevator Exposure
  • Reception
  • Shower Facilities
  • Drop Ceiling
  • Listing ID: 30148817

  • Date on Market: 11/22/2023

  • Last Updated:

  • Address: Gloucester Business Park, Gloucester GL3 4AA

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