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The Bristol office of Knight Frank has acted in the disposal of two industrial estates in the South West of England in recent months.

wantspacegotspace.co.uk - The Bristol office of Knight Frank has acted in the disposal of two industrial estates in the South West of England in recent months.Knight Frank advised London & Westcountry Estates Ltd – through an administrator – in the sale of the Blake Mill Business Park in Bridgwater, Somerset to Parabola Capital LLP for £1,200,000, representing a yield of 11.62%. The property comprises a multi-let industrial estate extending to 29,975 sq ft and producing circa £147,570 per annum.

Parabola Capital LLP was advised by Hartnell Taylor Cook.

And in a second disposal Knight Frank advised the same vendor in the sale of the Brent Mill Business Park in South Brent, Devon. The 20,524 sq ft multi-let industrial estate was sold to Staunton Property LLP for £980,000, representing a yield of 10.40%.

DEAL INFORMATION:
Address                                  Blake Mill Business Park, Brue Avenue, Bridgwater, Somerset Sector    Industrial
Price                                        £1,200,000
Yield                                        11.62%
Tenure                                    Freehold
Total Area                             29,975 sq ft
Rent                                         £147,570 pa
Vendor                                   London and Westcountry Estates Ltd – in administration
Purchaser                              Parabola Capital LLP
Vendor’s agent                   Knight Frank
Vendor’s solicitor              Ashurst LLP
Purchaser’s agent              Hartnell Taylor Cook
Purchaser’s solicitor         Taylor Wessing


Address                                  Brent Mill Business Park, Long Meadow, South Brent, Devon
Sector                                     Industrial
Price                                        £980,000
Yield                                        10.40%
Tenure                                    Freehold
Total Area                             20,524 sq ft
Rent                                         £107,900 pa
Vendor                                   London and Westcountry Estates Ltd – in administration
Purchaser                              Staunton Property LLP
Vendor’s agent                   Knight Frank
Vendor’s solicitor              Ashurst LLP
Purchaser’s solicitor         Stephen Lake LLP

Posted by The Editor (wantspacegotspace) on 27th April 2013 (updated 10/05/2013)

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