Client
CCLA
Location
Aztec West, Bristol
Action
Hartnell Taylor Cook’s Bristol Investment department disposed of the freehold interest in 155 Aztec West, Almondsbury, Bristol for a total consideration of £5.4m to a private family trust, equating to a 6.96% net initial yield.
The building, occupying a 1.2 acre site in Bristol’s premier office park, extends to 21,305 sq ft arranged across 2 floors and was substantially refurbished by CCLA in 2016, achieving a BREEAM rating of ‘Very Good’ and an EPC rating of 42 B. The property is single let Hoare Lea LLP until November 2031 with a tenant only break option in 2027 at a passing rent of £400,634 pa, reflecting £19.04 psf.
