Prime Bristol industrial estate sold for £7million

Orpen Park, a prime multi-let industrial estate in north Bristol has been sold for £7million.

The 79,858 sq ft estate in Almondsbury has been acquired by Longmead Capital LLP. The purchase price reflects a Net Initial Yield of 6.52%.

Cushman & Wakefield agreed the deal on behalf of Aviva Investors. Finn & Company represented Longmead Capital.

The estate sits on a 4.56 acre site and comprises seven units ranging in size from 7,774 sq ft to 18,132 sq ft. Tenants include Rico Logistics, Jungheinrich and Furniture Village which contribute to a total passing rent of £486,558 per annum. The estate is part of an established and well located industrial area in easy reach of the M5 and M4 motorways.