Investment News and Deals
Avon House, Building 1100, Bristol Parkway North		Bristol CB Richard Ellis in Bristol has sold Avon House, Building 1100, Bristol Parkway North, a single let office building, on behalf of PRUPIM for £1.47m, reflecting a net initial yield of 7%. The property comprises a 1990’s self contained office building extending to 7,067 sq ft with 34 car spaces. The property is let to Interserve (Facilities Management) Ltd until April 2016 with a tenant break option in 2011 and produces a current rent of £108,800 pa. CB Richard Ellis in Bristol acted on behalf of the vendor PRUPIM and Colliers CRE represented the purchaser.