Industrial estate property acquired for £2.2m

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A Birmingham industrial estate investment which went on the market in February has been snapped up by a London-based investor for £2.2m.

Commercial property agents Siddall Jones were instructed to market the multi-let BizSpace Business Park in Bordesley Green Road at a guide price of £1.7m.

The freehold property situated three miles from Birmingham city centre totals 68,720 sq ft on a site of 3.27 acres. The development has 67 units and currently produces £301,018 in rental with a net income of £183,795 per annum.

Ed Siddall-Jones, managing director of Siddall Jones, said: "There is strong demand for assets in this sector and the competition

 link source - Insider Media

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