Freehold Data Centre Investment
Freehold Data Centre Investment
The property occupies a prominent position on the west side of the busy Northern Road (A3) close to the roundabout with Medina Road and Wayte Street and 1/2 mile from M27 (Junction 12). Cosham Railway Station is approximately 200 metres south while neighbouring occupiers include The Post Office, Fire Service, The Police and a health centre. The Queen Alexandra Hospital is some 700 metres north.Cosham is a well located Portsmouth suburb with excellent access to Southampton via the M27 and London via the A3. The major port of Portsmouth is some 3 miles south.
Freehold.
The property occupies a prominent position on the west side of the busy Northern Road (A3) close to the roundabout with Medina Road and Wayte Street and 1/2 mile from M27 (Junction 12). Cosham Railway Station is approximately 200 metres south while neighbouring occupiers include The Post Office, Fire Service, The Police and a health centre. The Queen Alexandra Hospital is some 700 metres north.Cosham is a well located Portsmouth suburb with excellent access to Southampton via the M27 and London via the A3. The major port of Portsmouth is some 3 miles south.
Freehold.
The property comprises a data centre unit with accommodation on basement, ground, first and second floors. The property benefits from circa 25% site coverage and parking which can be accessed via Colwell Road. The property has been part sub-let to Virgin.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a data centre unit with accommodation on basement, ground, first and second floors. The property benefits from circa 25% site coverage and parking which can be accessed via Colwell Road. The property has been part sub-let to Virgin.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second |
Data Centre Data Centre Data Centre Data Centre |
496.84 sq m 500.00 sq m 500.00 sq m 59.46 sq m |
(5,348 sq ft) (5,382 sq ft) (5,382 sq ft) (640 sq ft) |
CABLE & WIRELESS UK (1) |
25 years from 20/08/1999 until 19/08/2024 on a full repairing and insuring lease |
£90,000 | 2013 and 5 yearly |
| Totals | 1,556.30 sq m |
(16,752 sq ft) |
£90,000 | ||||
(1) Formerly Cable & Wireless Communications (Mercury) Limited. The ultimate holding company is Cable & Wireless Worldwide plc who are one of the world's leading international communications companies. Cable & Wireless own the UK's biggest fibre network and have an international cable network that provides connectivity to 153 countries. (Source: www.cw.com)
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