Property overview

Parallel 49, Severn Road, Avonmouth, BS10 7RN

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May 2023

Atlas Real Estate has completed the speculative development funding of two primes distribution units in Avonmouth on behalf of Loc8 Developments Limited.

The property occupies a prime position off Severn Road, in close proximity to the new Junction 1 of the M49.

The property comprises two newly completed distribution units that have been constructed to a high specification. The units extend to 20,300 sq. ft and 35,000 sq. ft respectively and have been constructed to an EPC A rating and a BREAM rating of very good.

The property was funded by overseas private clients of Acre Capital at a price of £9,100,000 representing a capital value of £164 per sq.ft.

Atlas Real Estate represented the developer Loc8 Developments Limited and Acre Capital represented the private overseas funder.