715 Aztec West, Bristol BS32 4UD
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AP Investment has recently advised on the acquisition of a multi let office investment on Aztec West, Bristol.
715 Aztec West is located on Bristol’s premier business park just off J16 of M5 and within a mile of the M5/M4 interchange.
The detached two storey office totals over 17,500 sqft of offices part of which was totally refurbished in 2023. The building was fully let to three tenants, Antillion, Imagination Technologies and Miller Homes providing an WAULT of 6.8 years to expiries and 4.7 years to breaks. The average passing rent is below £20.00 per sqft.
The investment was acquired by Fortix Capital for £2,625,000 which reflected a yield of 12.4%. Gunner Cooke acted for the purchaser. Hartnell Taylor Cook and CBRE acted for the vendor.
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