Investment details
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Third Way Industrial Estate
, Avonmouth
BS11 9YA
Industrial
Status - Sold
Tenure - Long Leasehold
Total floor area - 144,683 sq ft sq ft
Price - £1.1m
Net initial yield - 19.90%
Capital value - £8.04 per sq ft per sq ft
A high-yielding multi-let long leasehold investment opportunity. Prominently located on Avonmouth Way with excellent access to J18/18a of the M5. The estate is fully-let to 4 tenants producing a gross rent of £400,181 per annum, reflecting a low rent of £2.75 per sq ft overall, and a net rent of £231,431 per annum. AWUT 3.89 years to break and 4.72 years to expiry.
Agent details
Lambert Smith Hampton
Hugh White
Telephone: 020 7198 2212
Mobile: 07775 708 668
Office: London
hwhite@lsh.co.uk
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Lambert Smith Hampton
Stephen Parry-Jones
Telephone: 020 7198 2233
Mobile: 07771 388 262
Office: London
sparryjones@lsh.co.uk
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