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%.
