35 Homer Road, Solihull, B91 3QJ
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Atlas Real Estate have recently acted for Urbana Partners UK on the acquisition of this prime office building at 35 Homer Road, Solihull.
The property sits in a 100% prime location within the core business district of Solihull on a self contained site with an excellent car parking ratio.
The property is let to National Grid Gas Plc on a full repairing and insuring lease expiring in 2023. The purchase price reflects approximately £165 per square foot after usual purchaser’s costs.
Andrew Franck-Steier who acted for the purchaser comments “A prime building of this nature in a core market rarely comes available and we were delighted to secure this asset on behalf of Urbana Partners UK on an off market basis at an attractive entry price.”
Nick Lloyd, Partner at Urbana Partners UK said “This acquisition is central to our core UK strategy of securing mid sized commercial opportunities with strong long-term income potential. We are delighted to have completed this transaction with the help of Atlas Real Estate.”
Andrew Meikle who acted for the vendor comments “With an historical strong financial performance and reducing lease term, it was a natural time to sell and it was a pleasure to work with Urbana Partners UK and Atlas Real Estate on the deal.”
Atlas Real Estate represented Urbana Partners UK and BNP Paribas represented the vendors.
