Buy Commercial Property The Smart Way: Your Guide To Syndicates
Sep , 15
Commercial Office Space Continues To Present Opportunity As Syndicate Acquires in Bristol
Craigard makes another purchase with strong opportunities for investor growth.
Despite the “noise” of home working post-COVID, office space is continuing to rise in demand and popularity according to Craigard. The commercial property specialist has just added more office space to its growing portfolio across the Southern regions with just over 30,000 sq. ft. of prime office space just outside of Bristol City Centre.
Crest and Westwood House will provide a good income stream for its syndicate from day one with an attractive double digit return on the purchase price.
With both buildings already let to well-established tenants, the investment is an excellent example of Craigard’s current strategy – high yielding defensive income. “Preserving capital, alongside a steady return for investors allows us to provide the best outcomes given the unstable economic and geopolitical climate we currently sit in,” comments David Foster, Managing Director.
“With fantastic links to London from the nearby Bristol Parkway station, and lots of amenities on the doorstep, the location couldn’t be better suited to the growing needs of the city,” David continues.
Both the current tenants have been in occupation of the buildings for the last 30 years, with renewals taking place shortly after COVID, showing their commitment. Westwood House is home to the Office for Students, the independent regulator for higher education in England. Having consolidated into this site, it has heavily invested in improving the building, as have the current tenant at Crest House, Crest Nicholson, which is undertaking a full-scale ‘back to shell’ refurbishment.
“We are confident that yields will strengthen over time in the office market, which adds another value add angle to this investment and forms part of our rationale of targeting offices at present,” David adds. Combined with our hands-on management, we’re confident in seeing a fantastic return from this acquisition.”
Hampshire-based Craigard specialises in creating higher-yield commercial property investment opportunities for syndicates typically comprising around 10-15 high-net-worth investors.
The company uses its extensive experience and careful analysis of the commercial property market to identify innovative investment opportunities. It always co-invests.
Craigard specialises in value-add commercial property opportunities across all the main sectors.
Its experienced team carries out the day-to-day work involved, removing the typical hands-on property management for syndicate investors.
The company is currently working on a series of commercial property syndication opportunities. For further information, please contact Craigard.
