We are pleased to have acted on behalf of Aviva Investors to sell Hengrove Leisure Park to AEW.
The leisure park lies 3.4 miles south of Bristol City Centre, on what forms the southern orbital route for the city, in an area that’s been identified for substantial regeneration. The surrounding area includes the former Whitchurch Airfield development site, Imperial Retail Park, a technical college, a Local Authority leisure centre and a number of trade and industrial uses.
The park is 88,000 sqft, dates from the late 1990’s and includes a Cineworld multiplex, a Gala Bingo unit and restaurants let to McDonalds, KFC and Domino’s Pizza, together with a Premier Inn hotel that has been sold off on a long lease. The sale completed at £13.85 million, which reflected a net initial yield of 7.3%.
For further details and information please contact Will Andrews or Mark Smith.