Property overview

AP Investment has recently concluded the investment sale of Barberry 14, a new warehouse unit developed by Barberry Industrial at a major industrial park in Avonmouth.

Barberry speculatively developed the 13,238 sq ft unit at its mid-box logistics scheme at Severn Road, Avonmouth and secured a pre-let deal with Vertical Aerospace before reaching Practical Completion.

The occupier is a global aerospace and technology company, which is pioneering zero emissions aviation. The unit is now home to Vertical Aerospace’s Vertical Energy Centre, believed to be the UK’s most advanced aerospace battery facility.

Jon Robinson, development director at West Midlands based Barberry, said: “In Barberry 14 we have delivered a state-of-the-art unit with excellent environment friendly credentials at the South West’s premier distribution location. We are excited to announce we have not only secured a first class occupier on a 10-year lease but have also sold the unit to private clients of Fisher German, representing excellent business by the Barberry team.”

Barberry 14 is located at Central Park on a 4.23-acre site between junction one of the M49 and junction 17 of the M5, situated alongside a recently constructed 44,000 sq ft warehouse unit known as Barberry 44.

Andy Price who acted on behalf of Barberry said: “Even in more uncertain times the sale generated significant interest from an array of investors. The underlying location, quality of product and the lengthy and secure income stream proved attractive. Competitive bids were received and I am pleased we have been able to conclude the sale with our chosen party.”

The property was sold for £3,250,000 reflecting an initial yield of 4.91%.

View other recent transactions.