Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of City Business Park, a prime multi-let industrial estate in central Bristol for £30 million. The asset was acquired from LaSalle Investment Management on behalf of St James’s Place Property Unit Trust.
Located within close proximity to Bristol’s city centre, the freehold estate comprises nineteen units totalling approximately 118,000 sq ft across a six-acre site. All the units are let or under offer at a very low passing rent of £7.80 per sq ft overall, offering strong rental growth prospects when compared to rental values in the area in excess of £12.00 per sq ft.
You can now read the full press release at the link below