Westpoint Court, Bristol
Published 5th September 2013
Property-Modern, multi-let offices
Floor Area-18,000 sq ft
Purchase Price-c. £2m
Claymore Role-Acquisition, co-investment & asset management
Claymore has acquired Westpoint Court in its Sivana Investments business space vehicle, backed by Hong Kong based private equity. The property is superbly located less than 1 mile from the M4/M5 interchange, 5 miles north of Bristol city centre.
Westpoint Court provides high quality AC offices let to 3 tenants on leases expiring in 2021 at an annual rental of £291,000.
The investment provides a net initial yield of 14% at a capital value of just £110/sq ft.