Helix Property Advisors sells Telford Plaza at auction

Helix Property Advisors has completed the sale of Telford Plaza, Ironmasters Way, Telford, Shropshire, sold at the Acuitus auction on 26th March. The sale price of £3,000,000, to a private buyer, reflects a net initial yield of 23.04%.

The property comprises two modern office buildings totalling 163,685 sq ft (15,204 sq m), let to tenants including CapGemini UK plc and Caffe Kix Limited, providing an annual rental income of £731,015.