Business Space Agency

Industrial - Acquisition & Disposal

Bristol

Amro advised an owner occupier on the acquisition of a freehold industrial premises located in Bristol.

Building Type: Warehouse

Size: 6,500 sq ft

Rent/Price/NIY: £1.5m

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On behalf of our client AMRO identified the property and negotiated terms to acquire a well-known freehold industrial property in Bristol. The property had been badly vandalised and was in poor internal repair. Our client planned to refurbish the property for use as a self-store.

Surprisingly, our client decided not to occupy the premises and asked us to let or sell the property. After a short marketing period of 3 months, we subsequently received several offers and sold the property for substantially more than the original purchase price to a local business.

Outcome: Freehold Sold

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