millennium house - savills · tenant sensia uk ltd (a jv between rockwell automation and...
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HIGH YIELDING INVESTMENT
Tenant Sensia UK Ltd (A JV between Rockwell Automation and Schlumberger)
Guarantor Rockwell Automation Inc. (5A2)
Lease Expiry 22/09/2025 (no further tenant breaks)
MILLENNIUMHOUSEInnovation Park, Campus One, Bridge of Don, Aberdeen AB22 8GT
FOR SALE
SCOTIA INSTRUMENTATION
BAKER HUGHES
ROCKWELL AUTOMATION
WIPRO LIMITEDAPPETITE FOR BUSINESS
ABSOFT LIMITED- ABERDEEN
OIL & GASINNOVATION CENTRE
EC-OGEARLY BIRD CATERING
BME UK
JAMES GREGORY CENTRE
HHAARREEHHIILLLL RROOAADD
AXIS WELL TECHNOLOGY
BALGOWNIE ROAD
BALGOW
NIERO
AD
CAM
PUS
ONE
CAMPUS ONE
CAMPU
SO
NE
Millennium House is a single storey
office pavilion arranged over two
wings with central entrance/
reception area. The pavilion
provides modern open plan
office accommodation along with
dedicated w.c. and tea making
facilities.
The premises benefit from 39 Car
Parking spaces providing a parking
ratio of 1:249 sqft with the overall
site extending to 0.94 acres.
DESCRIPTION FLOOR AREAS
SQM SQFT
Reception 53.23 573
East Wing 332.96 3,584
West Wing 515.89 5,553
Total 902.08 9,710
The above floor areas have been calculation on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition)
BONDED STORE / QUARANTINE
AREA
TEST RIGS
CoP SUPPORT RIG AREA
OFFICEOFFICE
OFFICE
OFFICE
OFFICE
OFFICE
OFFICE
CONFERENCE ROOM
OFFICE
TOILETSTOILETS
TRAINING ROOM
RECEPTION HALL / LOBBY
KITCHEN
MEETING ROOM
STORE ROOM
BUILDING MAIN ENTRANCE
VESTIBULE
West Wing East Wing
BLACKDOG JUNCTION
BRIDGE OF DON
NORTH SEA
ABERDEEN
TECA
DYCE STATION
ABERDEENINTERNATIONAL
AIRPORT
ABERDEENRAILWAYSTATION
DIAMONDBRIDGE
(The Third Don Crossing in Aberdeen)
AWPR (A90)
AWPR (A90)
A92
A92
A92
A96
A944
MILLENNIUMHOUSE
HIGH YIELDING INVESTMENT
LOCATION
Aberdeen
Aberdeen is located on the East coast
of Scotland approximately 125 miles
north of Edinburgh and 150 miles
north east of Glasgow. The nearest
cities to Aberdeen are Dundee, 66
miles to the south, and Inverness, 105
miles to the north west. Aberdeen
is Scotland’s third largest city with a
population of approximately 230,000
and a regional catchment of around
500,000 people.
The city is an internationally
recognised business centre with
globally competitive industries,
excellent academic and research
capabilities and a highly skilled
work force.
The city is the administrative financial
centre for Aberdeenshire, is widely
recognised as the energy capital
of Europe, and is home to the UK’s
oil and gas industry. Aberdeen’s
presence as a global economic
hub is underlined by the number
of international businesses with
a presence in the region. Global
occupiers include Total, EY, BP,
KPMG, ExxonMobil, Aberdeen
Standard, Halliburton, Schlumberger,
Chevron, Maersk, Shell and Wood.
Aberdeen Innovation Park
Aberdeen Innovation Park is an
established business location,
situated to the south side of
Balgownie Road in Bridge of Don,
some 3 miles north of Aberdeen city
centre. Balgownie Road connects
Ellon Road and The Parkway (A90),
two of the principal arterial routes
north of the city, providing excellent
access to the wider trunk road
network. Travel to the city centre has
been significantly improved with the
recent completion of the Grandholm
Bridge – the third crossing of the
River Don.
The area has been further enhanced
with the opening of the Aberdeen
Western Peripheral Route (AWPR)
resulting in the location being
extremely accessible to all areas
of the City and the Scottish road
network.
Aberdeen Innovation Park is home
to a number of National and local
businesses; Wipro UK, Gyrodata,
Axis Well Technology, Scotia
Instrumentation and Sensia UK and is
a well established business location
within the City, well served by all
local amenties to include various
restaurant, retail, nursery and leisure
uses. The Business Parks also have
high level of parking provisions.
Important Notice. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. January 2020
CONTACT
Kieran Ward01224 971123 / [email protected]
Dan Smith 01224 971134 / [email protected]
Pantone bright orange c#�5f00C: 0%M: 77%Y: 100%K: 0%
Pantone 072 C#060e9fC: 100%M: 98%Y: 2%K: 3%
TENANCY INFORMATION
The building is fully let to Sensia UK Ltd, a joint venture
between Rockwell Automation and Schlumberger.
The lease is guaranteed by Rockwell Automation
Incorporated (NYSE: ROK).
The tenant has been in occupation since 2005 with the
current lease terms as follows:
Date of Entry 23/09/2015
Expiry Date 22/09/2025
Rent Review 23/09/2020, OMRV or passing
Review Frequency 5 yearly
Passing Rent £155,369 p.a.
Repair Obligation Full Repairing and Insuring terms
COVENANT INFORMATION
The D&B credit rating for the guarantor is 5A2 from
24/1/2020. A copy of the credit report can be provided
to interested parties on application.
TENURE
The premises are currently held on a 125 year ground lease
expiring 15th October 2099. The current ground rent is
£30,144 per annum (agreed 16 October 2015). Further detail
on the ground lease is available upon request.
ENERGY PERFORMANCE CERTIFICATE
The premises have an EPC rating of F.
Further information and a recommendation report is
available to seriously interested parties on request.
PRICE
Offers over £1m (exc VAT) Are sought for our client’s
interest in the premises resulting in an attractive Net
Initial Yield of c.12%
VAT
All figures quoted are exclusive of VAT at the
prevailing rate.
VIEWING AND FURTHER INFORMATION
For further information or arrangements to view please contact the Joint Selling Agents.
MILLENNIUMHOUSE
Mark McQueen01224 202800 / [email protected]