Helix sells freehold investment in Tunbridge Wells

Helix, on behalf of Harmsworth Pension Funds Trustees Limited, has sold the freehold investment of 10 Grosvenor Road, Tunbridge Wells, to a private pension fund for £1,000,000, reflecting a net initial yield of 8.9%.

The 5,600 sq ft property is let to GrabalAlok UK Ltd and produces an annual income of £89,000.

Fawcett Mead advised Helix and the purchaser was self represented.