The freehold of 170 Aztec West, a detached two-storey office, has been sold in a deal brokered by the National Capital Markets team at the Bristol office of Colliers International.
The 6,442 sq ft two storey building was sold for £1.383m to a private buyer. The purchase represents a net initial yield of 8.3 per cent.
The Bristol office of Colliers International acted on behalf of the private vendor. The purchaser was unrepresented.
The property, which includes 36 parking spaces, is occupied by cloud computing business Inty Ltd on a lease which expires in April 2023.
It is strategically located at Aztec West, which is regarded as one of Bristol’s premier business parks and is situated just off Junction 16 of the M5 motorway and next to the M4/M5 interchange.
Richard Coombs, Director in Colliers’ National Capital Markets Team, said: “There is always a good level of interest in small, out-of-town office investments such as 170 Aztec West.
“This is expected to increase as the recent approval of the Hinkley Point C power station has led to increased enquires about offices on the North Bristol fringe from companies connected to the nuclear industry in a support capacity.”