Helical Bar plc have purchased the freehold interest in the Matalan unit on Southdown Road, Great Yarmouth for £4.75 million from Harmsworth Trust. The property totals 38,771 sq ft with 171 car parking spaces and is let to Matalan until December 2025 at an overall rent equating to £10.00 per sq ft. The purchase price gave a net initial yield of 7.75%.
The purchasers were represented by Wilkinson Williams.
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