Modern, standalone distribution warehouse constructed in 2007. Located in Avonmouth, one of the most established ports in the UK. The property is situated 1 mile from Avonmouth Dock and 1 mile from Portbury Dock, and benefits from excellent transport communications with the M4, M5 and M49 in close proximity. Acquired in September 2014.
The business plan is to the hold the property in the medium/long term. The building is let to a good covenant for 15 years, albeit with a tenant break option in 2017. Limited supply of modern, good quality industrial property in Bristol and increasing demand for mid-sized units provides for good renewal / re-letting potential and rental growth prospects.
Acquired on behalf of: