Helix Property Advisors, on behalf of Harmsworth Pooled Property Unit Trust, has sold the freehold interest in 154 High Street, Sevenoaks, Kent, known locally as Suffolk House, to Sevenoaks District Council for £4 million, reflecting a net initial yield of 6.95%.
The property comprises ground and three upper floors of self-contained office space, multi-let to tenants including Sunspot Tours and Cygnet Healthcare. Totalling 17,213 sq ft (1,599 sq m), the investment provides an annual rental income of £294,361 with 7.39 years AWULT.
Fineman Ross advised Helix Property Advisors and Sevenoaks District Council was advised by Savills.
