Investment acquisition of Jamie’s Italian, Bristol
April 24, 2017
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.