Building 3300, Solihull Parkway, Birmingham Business Park, Birmingham, B37 7YQMake an enquiry
Franck Steier Price has recently completed the sale of a data centre on Birmingham Business Park on behalf of CBRE Global Investors.
The property is located on Solihull Parkway, Birmingham Business Park and comprises a purpose built data centre which was developed in the early 1990s. The property extends to 3,0466 sq.m (32,792 sq.ft).
The property is let to Atos Origin IT Services Ltd on a full repairing and insuring lease expiring in March 2021. The current rent is £448,500 per annum.
The purchase price of £6,000,000 reflected a net initial yield of 7.07% after purchaser’s costs of 5.80%.
The property was purchased by Atos Origin who were represented by Colliers International.