Coffer Corporate Leisure has
completed the acquisition of 87-89 Park Street, Bristol for £2.95 million in an
off-market transaction.

Acting for a private
client, Coffer Corporate Leisure acquired the landmark Grade II Listed
Building, which occupies a prominent position in the affluent area of Clifton,
opposite the University of Bristol. The property is arranged as a large
restaurant unit, let in its entirety to Jamie’s Italian.

Jack Silvani, Director at
Coffer Corporate Leisure said “This is an extremely defensible asset – prime
real estate in an affluent area that benefits from a huge volume of footfall.
We focus on the fundamentals of a property investment rather than the covenant;
the location, pitch, prominence, suitability for designated use and rental
growth prospects are of more vital importance when assessing its value.”

Coffer Corporate Leisure
advised the Purchaser. Hartnell Taylor Cook acted for the vendor.