Helix Property Advisors, on behalf of Harmsworth Pension Funds Trustees Limited, and advised by Fineman Ross, has sold the long leasehold interest in Dunball Trading Estate, Bridgewater, Somerset to Craigard Investments LLP for £1.965 million.
The 35,276 sq ft property is let to Trelleborg Sealing Solutions Bridgwater (UK) and produces an income of £207,858 per annum. The property is held on a 999 year lease dated 1989. The transaction reflects a net initial yield of 10%.
Cushman and Wakefield advised the purchaser.
