Detached office building sold as investment in deal brokered by Colliers International
Acting on behalf of a private investor, the National Capital Markets team in the Bristol office of real estate advisors Colliers International has sold Dominions House in Stoke Gifford for £1,740,000 million.
The purchase of the two-storey 7,614 sq ft self-contained office building by Mutual Associates Limited, represented by Williams Gunter Hardwick, reflects a net initial yield of 6.80%.
Dominions House is let to the Higher Education Funding Council for England on a ten year lease with five year break from October 2017. It benefits from extensive on-site parking, and is located within walking distance of Bristol Parkway Station.
Richard Coombs, director in the National Capital Markets team, said: “Well-let freehold, stand-alone office investments are the focus of continued demand, and this is exemplified by sale of Dominions House.”