Client
Mayfair Capital
Location
Avonmouth, Bristol
Action
Hartnell Taylor Cook have acquired the freehold interest in Rockingham Gate for £15.9m.
The building is located in Cabot Park, a primary distribution hub of Bristol and totals 104,188 sq ft across a terraced mid box warehouse estate. The property is multi-let to 4 tenants with a WAULT of 4.81 years to expiry, at a total passing rent of £697,187 pa. The purchase price represents a net initial yield of 4.11%, but all four units had imminent rent reviews with a reversionary yield close to 5%.
