£6.5m paid for a pair of forecourts

More than £6.5m has been paid for the freehold of two forecourts.

Harmsworth Pooled Property Unit Trust, advised by Helix Property Advisors, has acquired the freehold investment of the petrol filling stations and convenience stores, in Hemel Hempstead and Roehampton, London SW15, from companies advised by Avignon Capital Limited and Barber Wadlow for £6.54m.

Both properties are let to Co-operative Foodstores for a further 11.5 years and produce a combined annual income of £408,840.

Isabella Valgimigli of Helix Property Advisors said: "These acquisitions are part of a planned expansion of our client’s portfolio and the diversification strategy to purchase alternative and non-traditional assets in regional and well-positioned locations."