Property overview

135 Aztec West, Bristol, BS32 4SY

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£2,068,000
Dec 2015

Franck-Steier Price has recently completed the acquisition of a business park office building on Aztec West, Bristol on behalf of Circle Property Unit Trust.

The 1990’s detached office building comprised 13,048 sqft and had 66 car spaces.

The property was let on a 5 year lease to Davies & Partners Solicitors from January 2015.  The topped up passing rent was £175,000 per annum (£13.41 per sqft).

The property was purchased for £2,068,000 which represents a net initial yield of 8%, assuming full costs of purchase of 5.8%.

LSH acted for the vendor.

The 1990’s detached office building comprised 13,048 sqft and had 66 car spaces.

The property was let on a 5 year lease to Davies & Partners Solicitors from January 2015.  The topped up passing rent was £175,000 per annum (£13.41 per sqft).

The property was purchased for £2,068,000which represents a net initial yield of 8%, assuming full costs of purchase of 5.8%. 

LSH acted for the vendor.