Helical Bar have disposed of the Hitchcock & King DIY unit in Ashford, Surrey for a price of £7.35 million, reflecting a NIY of 6.82%. The property totals 32,178 sq ft on a 2.6 acre site with car parking for 157 vehicles. The property is let to builders merchants Hitchcock & King with a long unexpired lease term of over 24 years at a rent of £530,000 per annum (£16.47 per sq ft). The asset fitted the requirements of the newly formed London Metric plc for their JV with USS, which focuses on long income.
Wilkinson Williams advised Helical Bar and London Metric were represented by Knight Frank.
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