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Acting on behalf of CBRE Investors, Hartnell Taylor Cook LLP advised on Bristol's biggest pre-let for 2 years.
Second Applemead Ltd, a privately owned property company has acquired a detached warehouse in Bridgwater for £1.65 million, reflecting a net initial yield of 6.57%. The investment, Block H Showground Site, is let entirely to Grafton Merchanting GB Limited, trading as Plumbs and Bath, with a further 8 years remaining on the lease, generating an annual income stream of £115,000. The property is used as a trade counter and showroom extending to 22,738 sq ft and is located close to Junction 24 of the M5 motorway.