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13-23 King Square Ave - Kings Quarter Apartments 1,714 SF Office Condo Unit Offered at $650,969 CAD in Bristol BS2 8HU
INVESTMENT HIGHLIGHTS
- Office investment on the ground floor
- The offices have painted plaster walls, raised floor, suspended LED lighting and air conditioning installed
- Located on the junction of King Square Avenue and Stokes Croft (A38)
EXECUTIVE SUMMARY
An office unit in a predominantly residential building of masonry construction constructed circa 2010. The property is located on the junction of King Square Avenue and Stokes Croft (A38), a central area of Bristol within short walking distance of Broadmead and Cabot Circus. This is a fashionable area of Bristol city centre with a range of modern restaurants and bars within close proximity. The A38 is a main arterial route into Bristol provides easy access to the M32/M5/ M4 motorway network.
PROPERTY FACTS
| Total Building Size | 2,074 SF | Floors | 5 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,074 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2001 |
| Building Class | B | Lot Size | 0.51 AC |
| Total Building Size | 2,074 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 2,074 SF |
| Year Built | 2001 |
| Lot Size | 0.51 AC |
AMENITIES
- Bus Line
- Energy Performance Rating - D
- Balcony
1 UNIT AVAILABLE
Unit 13
| Unit Size | 1,714 SF | Sale Type | Investment |
| Price | $650,969 CAD | Tenure | Long Leasehold |
| Price Per SF | $379.80 CAD | Cap Rate | 8.23% |
| Condo Use | Office | NOI | $53,565.48 CAD |
| Unit Size | 1,714 SF |
| Price | $650,969 CAD |
| Price Per SF | $379.80 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.23% |
| NOI | $53,565.48 CAD |
DESCRIPTION
The property itself comprises a ground floor modern office suite constructed circa 2010. The offices form part of a predominantly residential building. Internally the offices have painted plaster walls, raised floor, suspended LED lighting and air conditioning installed. There is no parking on site.
SALE NOTES
For sale - office investment (business unaffected) virtual freehold ground floor office 159.21 sq m (1714 sq ft).
Guide price £350,000.00 subject to contract, (net initial yield of 7.2%), plus VAT.
NEARBY MAJOR RETAILERS
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13-23 King Square Ave - Kings Quarter Apartments
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