Investment in Bristol Acquired for £1,460,000
Tuesday 28 February 2023
Flude Property Consultants have acted on behalf of Heaver Commercial in the acquisition of the freehold interest of this long income convenience store investment in Bristol.
The price paid was £1,460,000 and was secured in the majority by Tesco’s (82%) with a WAULT of approximately 9 years. There is potential for expanding the building to provide a further unit or small residential scheme (subject to planning).
Powell Lloyd Ltd represented the vendor.
Director, Mark Minchell, commented, “Our client was looking for a secure income asset, insulated from current economic factors and there is also the potential of add value initiatives at the property”.
