Harmsworth Pooled Property Unit Trust, represented by Helix Property Advisors, has purchased the freehold investment of Sovereign House, Bingham Road, Eurolink Business Park, Sittingbourne, Kent from a Private Jersey Property Company for £8.73 million.
The 63,866 sq ft property, originally developed by Hamdon Gate in 2011, is let to Abbott Laboratories Limited on a 25 year lease and produces an annual income of £577,447.
Ben West of Helix Property Advisors said: “The Eurolink Business Park is one of the most important commercial locations in Kent and the acquisition reflects our client’s appetite to invest in strong regional markets.”
Fineman Ross advised on the purchase. The vendor was represented by Cyril Leonard.
