LONDON-Helical Bar has sold a freehold retail property in East Grinstead for GBP 5.85 million, reflecting a property yield of 6.64%. Savills, real estate advisor, has sold 1/5 Queens Walk to CBREi on behalf of Helical Bar.
The majority of the retail property is leased to Sainsbury's Supermarkets Ltd. for 15 years and the tenant will pay GBP 411,000 annually as rent. Sainsbury's has subleased the property to tenants including Peacocks, New Look, Argos and Iceland. For the full story, go to PropertyMall .
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