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LONDON-Helical Bar plc has sold its largest asset, Capital House, in Edgware Road, London NW1, for £41 million ($67 million) to private property company Dunedin in partnership with the US investor General Motors Acceptance Corporation.

The multi-let office and retail building produces a net rental of £3.59 million ($5.9 million) per annum with just under 80% of the income derived from 87,100 sf of offices. The remainder of the income derives from the other occupant of the property, a Marks & Spencer store on the ground floor.

The offices are let to Marathon Oil, Equifax, Thistle and Symbian with break clauses and lease expiries in 2004.

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