Office

Crescent Office Park, Clarks Way, Bath 

 

Price: £6,350,000 - Initial Yield:6.88%

Date: Q4 2017

Acting on behalf of Oaktree/Patrizia we advised on the sale of this office investment to Arbuthnot Latham Ltd for £6.35m, reflecting a net initial yield of 6.88%.

Crescent Office Park was constructed in 2008 and comprises a multi let office development extending to 25,526 sq ft, split into two units. The property is let to three tenants providing a total rental income of £466,500 per annum. The AWULT to expiry is 9.0 years and 7.2 years to break.

Contact

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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