Millennium House
Innovation Park, Campus One,
Aberdeen
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 Limited until 2025
  • Rockwell Automation Limited have been in occupation since 2005
  • Low site coverage on site of c.1 acre
  • Includes 39 car parking spaces
  • Lot
    15
  • Auction
    05/May/2021
  • Rent
    £155,369 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Millennium House<br>Innovation Park, Campus One,<br>Aberdeen<br>AB22 8GT
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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

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. Neighbouring occupiers include Scotia Instrumental Limited and Wipro UK Limited.

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.

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.

Viewings

Please contact Mhairi Archibald

EPC

E Please see the legal pack at www.acuitus.co.uk for further information

Tenancy & Accommodation

AccommodationFloor Areas
(Approx)
TenantTermRent p.a.xReversion
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 LIMITED
10 years from
23/09/2015
£155,36922/09/2025
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 Limited (CRN 00872110) was incorporate in 1966 and for the year ending
30th September 2019 reported a Turnover of £60,873,000, Pre tax profits of £16,571,000. and Net Assets of £48,847,000.
Rockwell Automation Limited Annual report and accounts).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    614 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    550 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Blackadders LLP 6 Bon Accord Square
Aberdeen
AB11 6XU
Melanie Ballantyne 01224 563066melanie.ballantyne@blackadders.co.uk

Useful Links

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