Property investment and development specialist, Helmsley Group, has purchased Victoria Court in Wetherby in a multi-million pound deal.

York-based Helmsley Group, which offers syndicated investment opportunities on behalf of its network of high-net worth sophisticated investors and family offices, purchased the property from a family investment trust.

Occupied by an M&S Food store, popular restaurant Bengal Brasserie and 24 residential apartments, the property is located in the heart of Yorkshire’s affluent ‘Golden Triangle’.

Commenting on the purchase Ed Harrowsmith, investment director at Helmsley Group, said: “We’re delighted to have completed the purchase of Victoria Court, further diversifying our portfolio across Yorkshire and offering a prime and secure opportunity on behalf of our investors in a robust, affluent location.

“The food sector has proven to be extremely resilient, despite the challenges presented by the pandemic. This is evidenced by the ongoing strong performance of both M&S Food and Bengal Brasserie at Victoria Court, which sits at the heart of the prosperous town of Wetherby.

“We anticipate that both will continue to deliver significant future yields and provide new and existing investors with the potential for a secure income during a period of low interest rates. In addition, the unit’s 24 apartments are fully occupied and provide a thriving residential community. We are currently exploring other investment opportunities across the region on behalf of our clients.”

James Bradley at Langleys Solicitors and James Yates at Avison Young acted for Helmsley on the purchase. Cushman & Wakefield acted on behalf of the seller.

James Bradley, partner at Langleys Solicitors, said: “We’ve worked collaboratively with Helmsley Group for a number of years and are pleased to have helped secure another prime investment opportunity on behalf of its investors.

“The purchase of this popular location evidences that despite ongoing economic uncertainty, property continues to be a solid investment with the potential to generate significant returns.”

To find out more about investment opportunities with the Helmsley Group, please email mail@helmsley.co.uk.

Definitions

High Net Worth Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm they have an annual income of not less than £100,000, or net assets, excluding their primary residence, of not less than £250,000.

Certified Sophisticated Investor – An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the Investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments

Self-Certified Sophisticated Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm that have sufficient knowledge to understand the risks associated with engaging in investment activity in a non-mainstream pooled investments.

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