Knight Frank acts in the investment sale of CHEP UK premises at Central Park, Western Approach, Bristol

Acting on behalf of Delta Properties, the Bristol investment team of Knight Frank has sold the CHEP UK Ltd warehouse at Central Park, Avonmouth for £8 million, reflecting a net initial yield of 7.75%.

The detached warehouse unit of 48,525 sq ft, which sits on an 8 acre self-contained site, has been purchased by a private investor.

The property is let to CHEP UK Ltd on a full repairing and insuring lease for 15 years, with a tenant break option in year 10, from 13th April 2012.

Nick Thurston, Associate at Knight Frank, said: “This transaction demonstrates there is strong appetite from private investors for good quality, stable, well‐let assets situated in core locations”.