Millennium House Innovation Park Campus One Aberdeen Aberdeenshire AB22 8GT

Millennium House
Innovation Park Campus One
Aberdeen
Aberdeenshire
AB22 8GT

Long leasehold Office and Laboratory Investment

Single storey office pavilion on established Innovation Park
Office and Laboratory accommodation with test rig facilities
Let to Sensia UK Limited Guaranteed by Rockwell Automation Inc (sales of £6.997bn) until 2025
39 on site car parking spaces
Low site coverage on site of c.1 acre

Lot
32
Auction
13th December 2021
Rent
£155,369 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Long leasehold Office and Laboratory Investment

Single storey office pavilion on established Innovation Park
Office and Laboratory accommodation with test rig facilities
Let to Sensia UK Limited Guaranteed by Rockwell Automation Inc (sales of £6.997bn) until 2025
39 on site car parking spaces
Low site coverage on site of c.1 acre

Lot 32
Auction 13th December 2021
Rent £155,369 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3 miles north of Aberdeen city centre; 67 miles north-east of Dundee
Roads: A90, A96
Rail: Aberdeen Railway Station; (mainline and Scotrail)
Air: Aberdeen Airport

Situation

Aberdeen Innovation Park at Bridge of Don is an established business location situated to the south side of Balgownie Road. Located 3 miles north of Aberdeen city centre, Balgownie Road connects Ellon Road and The Parkway (A90), two of the arterial routes north of the city. The recent completion of Grandholm Bridge , the third crossing of the River Don has improved further the accessibility of the Innovation Park together with the Aberdeen Western Peripheral Route (AWPR) from all areas of the city and direct links to the Scottish motorway system.
National and local business located at Aberdeen Innovation Park include Gyrodata, Axis Well Technology, Wipro UK, Scotia Instrumentation and IX Blue. The Park is well served with various restaurant, retail, nursery and leisure uses.

Tenure

Long Leasehold. Held on a 125 year ground lease expiring 15th October 2099. The current ground rent is £30,144 per annum (nil uplift in October 2020). Further detail on the ground lease is available in the legal pack

Location

Miles: 3 miles north of Aberdeen city centre; 67 miles north-east of Dundee
Roads: A90, A96
Rail: Aberdeen Railway Station; (mainline and Scotrail)
Air: Aberdeen Airport

Situation

Tenure

Description

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 and benefits from 39 car parking spaces with the overall site extending to 0.94 acres.

VAT

VAT is applicable to this lot.

EPC

See the legal pack at www.acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

See the legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Accommodation	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground Ground Ground	Reception East Wing West Wing	53.23 sq m 332.96 sq m 515.89 sq m	(573 sq ft) (3,584 sq ft) (5,553 sq ft)	SENSIA UK Ltd(1) GUARANTEED BY ROCKWELL AUTOMATION INC	10 years from 23/09/2015 on a full repairing and insuring lease	£155,369
Total		902.08 sq m	(9,710 sq ft)			£155,369

(1) Sensia Limited is a joint venture between Rockwell Automation and Schlumberger. The lease is guaranteed by Rockwell Automation Incorporated (NYSE: ROK). Rockwell Automation Inc reported sales of $6.997bn and a net income of $1.344bn. (Source: -www.rockwellautomation.com) Sensia provides hardware, software, systems and petrotechnical expertise to automate processes and workflows in all segments of the oil & gas industry. Headquartered in Houston and has operations in 50 countries with fully staffed offices to provide sales and support services. The initial Legal Entities are located in - United States, Canada, United Kingdom, The Netherlands, China, India, Kuwait, Oman, Mexico, Italy and United Arab Emirates (Source:- www.rockwellautomation.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.