A logistics warehouse in Birmingham has been sold for £7.1 million.

Charity Canal & River Trust has disposed of its building on the BSA Industrial Estate in Birmingham after 14 years of ownership.

The unit in Golden Hillock Road, Small Heath, was built in the 1980s and comprises 78,500 sq ft of space.

The warehouse has undergone significant improvement, including a new roof, the addition of 1,400 photovoltaic panels and electric vehicle charging bays.

The premises are let to MacDermid Performance Solutions UK, a manufacturer of surface coatings which has approximately eight years remaining on its lease.

Birmingham-based consultancy MK2 Real Estate advised the charity on the sale to Axel Logistics.

Mark Rooke, a director in MK2's investment team, said: "We received strong interest and multiple offers for this property, in particular from investors seeking urban logistics assets.

"Given the site's location, just two miles from Birmingham city centre, and the strong covenant of the incumbent tenant, it was a cracking opportunity."