Acorn House, Bridgwater Road, Worcester
Acorn House, Worcester, Worcestershire, WR4 9FP, UK
1 503 mètres carrés
Description de l'actif
EQ is a prime, best in class asset and one of the leading office investments in Europe.
The newly developed building is Bristol’s first net zero carbon office in operation with an EPC A rating, BREEAM Outstanding certification and an abundance of amenity including a café, health and wellbeing studio, hospitality lounge and roof terrace.
EQ was awarded BCO's Commercial Workspace of the Year for the South of England and Wales and the building has attracted a first class tenant line up.
Multi-let to 8 tenants, the property offers the rare combination of a long WAULT and strong reversionary potential. It has redefined prime Bristol's rent four times already and was 83% pre-let prior to practical completion which demonstrates the flight to quality that EQ has captured.
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Attributs
Prix demandé
204 967 000 $
Taux de capitalisation
6,35 %
Superficie du bâtiment nette
18 063 mètres carrés
WAULT aux pauses
8.9 années
WAULT aux expirations
10 années
Année de construction
2024
EPC
Grade A
Durée
Freehold
Média
Points forts de l'investissement
- EQ offers an exceptional opportunity to acquire a futureproofed landmark building in Bristol, a leading European office market.
- Prominently situated in Bristol’s prime commercial district, the property is a 5-minute walk from Bristol Temple Meads Train Station and close to Bristol’s bustling bars, shops and restaurants.
- Having recently achieved practical completion, EQ is an award winning office development totalling 194,426 sq ft offering intelligent architecture, a flexible design and unrivalled amenity.
- The state-of-the-art scheme has delivered Bristol’s first new build office committed to Net Zero Carbon in operation. The fully electric building offers outstanding sustainability credentials including Nabers 5* (design), EPC A, BREEAM Outstanding (targeted) and no CRREM stranding year.
- EQ pushes the boundaries of office design. It is fully futureproofed having been designed with health, wellbeing and sustainability at its core.
- The strong leasing velocity is testament to the sheer quality of the building. It has attracted a first-class tenant line up whilst re-defining Bristol’s prime rent. EQ re-set the prime rent in Bristol four times already and it was 83% pre-let ahead of practical completion, far exceeding other new build offices.
- Multi-let to a diverse selection of Bristol’s prominent occupiers with tenants including Rathbones, Knights PLC, Paymentsense, Arup, HSBC and Evelyn Partners. EQ offers a long income profile with a WAULT of 8.9 years to breaks and 10.0 years to expiries.
- The property produces a total topped up income of £7,866,919 per annum, reflecting an average rent of £40.46 per sq ft. A record rent of £48.00 psf has been achieved within the building providing 19% inherent reversionary potential, a rarity for core income.
- Having achieved record-breaking rents for both Bristol and the Big 6 markets multiple times in its leasing campaign, EQ has evidenced the growth trajectory for truly prime space. EQ now holds the record rent for all six of the UK’s key cities outside of London and Bristol rents are forecast to continue to grow by an average of 3.72% per annum over the next 5 years.
- Freehold city centre site spanning approximately 0.82 acres.
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EQ, Bristol (0 Propriétés)
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Dernière mise à jour
14 oct. 2024
