A fully leased data center in East London is up for sale at auction.

The facility at 8 Greenwich View Place is up for auction at Savills’ October 21 & 22 auction this month. The guide price is £6.5 million ($8.7m).

The one-acre site, located on the Isle of Dogs in London's Docklands just south of Canary Wharf, is described as a “rare opportunity to acquire a long leasehold data center let to Bloomberg LP, with the potential for future power capacities or change of use.”

Built in 1988, the 34,875 sq ft (3,240 sqm), two-story facility is let out at £1.359 million ($1.825m) per annum.

It is fully leased to financial firm Bloomberg on a ten-year lease running from September 2019 until September 2029. The company has reportedly occupied the site since the mid-1990s.

Savills said the property is currently operating as a data center and disaster recovery site with an estimated load of 3.5MW, but has the potential to access up to 10MW.

The site is currently owned by UK asset manager M&G. The M&G property portfolio fund that holds the data center is being closed.

Keppel owns and operates a data center (GV7) on the opposite side of the street at 7 Greenwich View Place.