Wellington House, Waterloo Street, Birmingham, B2 5TB
Acting on behalf of CBRE Global Investors, Franck-Steier Price Ltd (FSP) has recently concluded the sale of a Birmingham city centre office.
The office totalled 14,198 sqft over basement, ground and three upper floors. The listed building is located on Waterloo Street, between St Phillips Square, Victoria Square and New Street Station.
The building is let to West Midlands Enterprise Board on a lease expiring in June 2013. The building is in need of substantial refurbishment.
The private company purchaser paid £1,100,000, reflecting a capital value of £77.50 per sqft.