Representing our client, Westend Investments, jointly with Sanderson Weatherall, we have recently concluded an acquisition of the freehold investment in this trophy property, for a price exceeding £5.4 million.
The property is occupied by Zizzi Restaurants until 2036 and Coffee #1until 2026. The remaining floors of the property comprise 14 student let flats, let on a single lease until 2035. The total passing rent is £261,358 per annum.
Russ Power of M&P commented; “Clifton village remains a thriving retail centre in affluent north west Bristol, and one that has emerged from the recent pandemic, unscathed. This, and the strength of its tenant profile meant that competition to purchase the asset was fierce, with the selling agent, Hartnell Taylor Cook reporting receipt of more than 20 offers, from private investors, property companies and pension funds. The price paid demonstrates the strength of the market for premium, well let property.
For further information, contact Russ Power.