Helical plc have sold a Matalan investment in Great Yarmouth to The Exilarch’s Foundation for £4.226 million. The property comprises 38,771 sq ft GIA, with Matalan having an overriding lease and some 10,000 sq ft underlet to Farmfoods. The rent is based on £10.00 per sq ft overall and lease expiry is in December 2025. The price equates to 8.65% NIY.
Helical were advised by Wilkinson Williams.
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