Dominions House sold in £1.7 million deal

Detached office building sold as investment in deal brokered by Colliers International


Acting on behalf of a private investor, the National Capital Markets team in the Bristol office of real estate advisors Colliers International has sold Dominions House in Stoke Gifford for £1,740,000 million.

The purchase of the two-storey 7,614 sq ft self-contained office building by Mutual Associates Limited, represented by Williams Gunter Hardwick, reflects a net initial yield of 6.80%.

Dominions House is let to the Higher Education Funding Council for England on a ten year lease with five year break from October 2017. It benefits from extensive on-site parking, and is located within walking distance of Bristol Parkway Station.

Richard Coombs, director in the National Capital Markets team, said: “Well-let freehold, stand-alone office investments are the focus of continued demand, and this is exemplified by sale of Dominions House.”

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Richard Coombs

Director

Bristol

Richard Coombs is a Director in the UK National Investment team with particular responsibility for investment in the South West. His specialist area is business space although he also provides advice to clients across all major sectors of the market.  Richard has advised clients such as Aviva Investors, Patrizia, Mayfair Capital, Aberdeen Standard Investments, Columbia Threadneedle Investments and Castleforge Partners for more than 25 years in the acquisition, sale and funding of investment property.

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