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Javelin House Gloucester Business Park 52,626 SF Office Building Brockworth GL3 4AA $33,007,371 CAD ($627.21 CAD/SF) 8.50% Cap Rate

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EXECUTIVE SUMMARY

Instructed to seek offers in excess of £17,600,000 for the freehold interest, subject to contract and exclusive of VAT.
Assuming purchaser’s costs of 8.5%, 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
$33,007,371 CAD
Price Per SF
$627.21 CAD
Cap Rate
8.50%
NOI
$2,805,627 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
17,295 SF
Building FAR
0.60
Lot Size
2.00 AC
Parking
224 Spaces (4.32 Spaces per 1,000 SF Leased)

AMENITIES

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

  • Date on Market: 2023-11-22

  • Last Updated:

  • Address: Gloucester Business Park, Brockworth GL3 4AA

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