Freehold Industrial Investment currently used as a Data Centre
Let to the Secretary of State for Housing, Communities and Local Government until November 2024
Busy Commercial Estate with high occupancy
Tenant has invested heavily in the fit out of the Property
19,638 sq. ft. (1,799.50 sq. m.) with secure on-site car parking and rear yard
The Tenant has occupied the Property for over 30 years
Site area of 0.64 Ha. (1.58 acres)
Low site cover of approximately 29%
Lot 13
Auction 3rd November 2022
Rent £142,500 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
On behalf of A Major Fund
Property Information
Location
Miles
45 miles south-west of Exeter and 54 miles east of Truro
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation
The property is situated in the centre of Langage Science Park, an established mixed use commercial estate located in Plympton, 6 miles (10 km) east of Plymouth town centre. The property is situated at the junction of Eastern Wood Road and Holland Road which provides access to the A38 via Sandy Road (B3416). Occupiers in the vicinity include Princess Yachts, Harley Davidson, Lexus, Audi and DX Freight.
Tenure
Freehold.
Location
Miles
45 miles south-west of Exeter and 54 miles east of Truro
Roads
A38, A386, A388
Rail
Plymouth Railway Station
Air
Exeter International Airport
Situation
The property is situated in the centre of Langage Science Park, an established mixed use commercial estate located in Plympton, 6 miles (10 km) east of Plymouth town centre. The property is situated at the junction of Eastern Wood Road and Holland Road which provides access to the A38 via Sandy Road (B3416). Occupiers in the vicinity include Princess Yachts, Harley Davidson, Lexus, Audi and DX Freight.
Tenure
Freehold.
Description
The property comprises a detached industrial/warehouse building with car parking and a rear yard. Internally, the property comprises a modern data centre on the ground floor with office accommodation on both ground and first floors. The property occupies a site area of 0.64 Ha. (1.58 acres). The current lease is subject to a number of Licence for Alterations, please see the legal pack for further information.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached industrial/warehouse building with car parking and a rear yard. Internally, the property comprises a modern data centre on the ground floor with office accommodation on both ground and first floors. The property occupies a site area of 0.64 Ha. (1.58 acres). The current lease is subject to a number of Licence for Alterations, please see the legal pack for further information.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First
Office/Computer Room Office
1,643.80 155.70
(17,693) (1,675)
The Secretary of State for Housing, Communities and Local Government (1)
For a term of 6 years from 03/11/2018 until 02/11/2024 (2)
£142,500
Total Approximate Floor Area
1,799.50 (3)
(19,638) (3)
£142,500
(1) The tenant operates a data centre operation from the premises. (2) The tenant did not exercise their break option in November 2021. (3) The floor area stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
