10 Canons Way, Bristol_Property for Sale
10 Canons Way, Bristol_Property for Sale
10 Canons Way, Harbourside, Bristol, BS1 5LF

10 Canons Way, Bristol

Asset description

10 Canons Way comprises a comprehensively refurbished city centre landmark headquarters office building arranged over five storeys. Developed by Crest Nicholson Plc and completed in 2007, the building’s attractive design incorporates a large, glazed atria and an extensive glazed waterfront elevation, which provides bright and highly specified accommodation.


The property is arranged over basement, ground and four upper floors and provides 176,611 sq ft of Grade A office accommodation. The ground floor is principally used for reception, meeting, conference and training rooms, together with a gym and an impressive café/dining area. The upper floors provide open plan offices with breakout areas. The basement level is primarily used for parking, bicycle storage as well as showers and changing rooms. 10 Canons Way has triangular floorplates with a central core providing excellent divisional flexibility allowing for multiple occupation.

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Attributes

Year built
2007
Year renovated
2024
Building area net
176,611 sf
Floors
5
Occupancy
100%
WAULT
8.1 years
BREEAM
Excellent
Tenure
Freehold

Media

Investment highlights

  • Strong ESG credentials including BREEAM 'Excellent' with a tenant focussed on achieving operational Net Zero Carbon by 2030.
  • Long let with a term certain of 8.1 years to Bank of Scotland Plc who has a S&P Global and Fitch credit rating of A+.
  • Lloyds Banking Group has just completed a £15m upgrade/refurbishment having recently consolidated their operations into 10 Canons Way.
  • The passing rent at 10 Canons Way is at a 33% discount to the current Bristol headline rent of £48 per sq ft providing significant latent reversion.
  • Accretive debt with the potential to generate attractive cash-on-cash returns.
10 Canons Way, Bristol 4_Property for Sale
10 Canons Way, Bristol 4_Property for Sale

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10 Canons Way, Bristol (0 Properties)

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Last updated
Oct 10, 2024