Bonville Properties Investments, advised by Savills and Cushman and Wakefield, has completed the letting of Unit 2 at Bonville Trading Estate in Brislington, Bristol to BCVA Commercial Auctions.
Terms have been agreed for the newly refurbished detached warehouse which spans 35,468 sq ft (3,294 sq m) for 10 years at a rent of c. £180,000 per annum.
The unit has been refurbished to a high quality standard to provide a new composite panel roof, three electrically operated shutter doors and LED lighting is provided across the warehouse area. There is also a two storey office accommodation in an open plan format, kitchen space and w/c’s.
The property is located prominently on Bonville Trading Estate, which is part of the wider and well-established Brislington Trading Estate area. The A4 Bath Road is located immediately adjacent to the estate and is the main arterial route linking the cities of Bristol and Bath. There is also excellent access to the A4174 Ring Road and the national motorway network.
Robert Cleeves, Director in the industrial agency team at Savills Bristol, says: “We are delighted to secure this letting so soon after the extensive refurbishment was completed. There remains strong demand for good quality warehouse units in Bristol, especially those in close proximity to good transport links.”
Chris Yates, Partner at Cushman and Wakefield, adds: “This letting demonstrates the importance of regional sub markets within City boundaries to occupiers wanting to remain close to the city centre.”
Spencer Crowder of Ashville Group who asset manages the investment, comments: “Our investors showed faith in the advice to extensively invest in the refurbishment of the property to bring it in line with modern day specification, this investment has paid off with the securing of BCVA as the new tenant.”
Tony Grodecki of BCVA, says: “The location and quality of the property immediately suits our requirement to expand the business but remain local and loyal to both staff and customer base. We are delighted to have worked with Spencer and his team in securing this property and excited for our future growth in the City.”