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INVESTMENTATOS DATA CENTRE BENNERLEY ROAD, BLENHEIM
INDUSTRIAL ESTATE, BULWELL, NOTTINGHAM
, NG6 8UY
BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
3
INVESTMENT SUMMARYn Prime location forming part of Blenheim Industrial Estate, the premier pre-eminent industrial location in Nottingham
n Let to 5A1 covenant ATOS IT Solutions and Services Limited
n Comprising a Tier 3 data centre of 4,199 sq m (45,200 sq ft) on a site extending to 1.356 hectares (3.351 acres)
n Held on a lease for a term expiring 24 December 2024, thereby offering in excess of 9 years unexpired
n Current passing rental of £214,700 per annum reflecting £51.13 per sq m (£4.75 per sq ft)
n Outstanding rent review on which notice served at £271,200 per annum £64.58 per sq m (£6.00 per sq ft)
n Long leasehold from Nottingham City Council for a term of 125 years from 25 December 1987, thereby offering in excess of 97 years unexpired, at a peppercorn rent, without review
n Offers are sought in excess of £3,000,000 (Three Million Pounds). A purchase at this level would reflect an attractive net initial yield of 6.75% and a potential reversionary yield of 7.88%, subject to contract and exclusive of VAT, assuming standard purchasers costs at 5.8%. A purchase at this level equates to a capital value of £714.42 per sq m (£66.37 per sq ft)
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BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
The City of Nottingham lies at the heart of the UK and is regarded as the commercial and administrative hub of the East Midlands.
Located in the centre of the UK 125 miles north of London, Nottingham is served by three junctions of the M1 motorway (24 – 26).
With an economy worth an estimated £12.1 billion, Nottingham is served by a substantial diversified workforce, with over 15 million people living within a 50 mile radius of the centre, covering an extensive area running south towards Loughborough and west towards Derby. Mansfield is to the north and Newark on Trent and Grantham to the north east and east.
The City attracts a number of international corporations with over 50 Regional and National headquarters based in the City. Nottingham is the home to Alliance Boots, Experian, E.ON UK, Imperial Tobacco Limited, Gala Group, Siemens, Speedo, Vision Express, Games Workshop, Capital One and Paul Smith.
The City is directly linked to the Midland Mainline (London St Pancras 1 hour 45 minutes), Nottingham East Midlands Airport provides direct
flights to 90 international destinations and the City’s modern tram system carries an estimated 9.5 million passengers every year.
A606
A608
EastMidlandsAirport
A60
A6514
A6514
A614
A611
A453
A453
A52
A60
A52
A52
A52
A52
A610
A610
A6097A611
A6002
A60
B6011
M1
25
24
26
27
A6097
NOTTINGHAMA46
A46
WestBridgford
Ruddington
East Leake
RadcliffeOn Trent
LongEaton
Ilkeston
Nuthall
WoodthorpeGedling
Wollaton
Bulwell
M1
M1
M1
26
BULWELL
NUTHALL
A610
A6002A600
Blenheim Lane
Ben
nerle
yRoa
d
A6002
A606
A608
EastMidlandsAirport
A60
A6514
A6514
A614
A611
A453
A453
A52
A60
A52
A52
A52
A52
A610
A610
A6097A611
A6002
A60
B6011
M1
25
24
26
27
A6097
NOTTINGHAMA46
A46
WestBridgford
Ruddington
East Leake
RadcliffeOn Trent
LongEaton
Ilkeston
Nuthall
WoodthorpeGedling
Wollaton
Bulwell
M1
M1
M1
26
BULWELL
NUTHALL
A610
A6002A600
Blenheim Lane
Ben
nerle
yRoa
d
A6002
NOTTINGHAM LOCATION
5
BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
INVESTMENTATOS DATA CENTRE
BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
7
SITUATIONThe property forms part of the Blenheim Industrial Estate located to the north east of Nottingham city and occupies a prominent elevated corner site.
The property fronts Bennerley Road at the entrance to Blenheim Industrial Estate and the wider Blenheim Park extension.
Blenheim Industrial Estate has established itself as the premier pre-eminent industrial location in Nottingham benefiting from excellent access to the National road network via Junction 26 of the M1 (2 miles to the south west).
Occupiers include Great Bear, Cheshire’s Nottingham, Micro Mesh Filtration, Asiana, DPD, The Healthstore, Morrells.
DABELL AVENUE
BE
NN
ER
LEY
RO
AD
6
BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
ATOS DATA CENTRE
GREAT BEAR
CHESHIRE’S
MICRO MESH
BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
9
DESCRIPTION
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BENNERLEY ROAD, BLENHEIM INDUSTRIAL ESTATE, BULW
ELL, NOTTINGHAM, NG6 8UY
The property comprises a Tier 3 data centre built in 1987 and supported on a site extending to approximately 1.356 hectares (3.351 acres).
The property is of a trussed girder construction, overclad with colour coated composite panelling to the elevations and roof. The property is entirely column free and with a clear internal height throughout of 6m (19’ 8”).
A full height feature glazed entrance and office block is located to the front of the property arranged internally to provide reception, offices, meeting/staff rooms, WCs and kitchen arranged over ground and first floor.
The property was redeveloped by Siemens Holdings plc to provide a purpose built Tier 3 data centre in two phases in January 2007.
Phase I delivered three separate computer suites (pods) each of approximately 500 m² provisioned with 400kw of power (800w/m²) with appropriate cooling and the capacity to upgrade to 1,500 W/m². All power and cooling systems are N + 1.
Phase II providing two additional suites (pods), designed to each accommodate a maximum of: 75 server racks at 4kw per rack (low density) and 58 server racks at 12kw per rack (high density). The facility benefits from a single entry revolving air lock security door, recording individual times of entry and exit together with physical characteristics, sensored perimeter fencing and CCTV.
Towards the rear of the facility is located a steel frame deck accommodating chillers, air conditioning units, transformers and condensers, below which are located three generators that offer back up electricity.
Along the buildings eastern and western elevations there is substantial onsite car parking provision together with a compound and loading area.
SITE AREAThe site provides an area of approximately 1.356 hectares (3.351 acres).
ACCOMMODATION The property has the following approximate gross internal areas:
4,199 sq m (45,200 sq ft)
TENANCYThe property is let in its entirety to ATOS IT Solutions and Services Limited (formerly Siemens IT Solutions Services Limited (Siemens Holdings plc - guarantor)) under the terms of a lease and counterpart reversionary lease dated 25 July 2006 and 1 July 2009 for a term of 16 years with effect from 1 January 2006 expiring by virtue of a counterpart reversionary lease on 24 December 2024, thereby having in excess of 9 years unexpired, on a full repairing and insuring basis. The current rent passing is £214,700 per annum exclusive (£4.75 per sq ft) and is subject to an upward only rent review on 1 January 2011 and 2016. Outstanding rent review on which notice served at £271,200 per annum £64.58 per sq m (£6.00 per sq ft).
COVENANTATOS is SE (Societas Europea) is a leader in digital services with reported 2014 pro forma annual revenue of circa€€11 billion and 93,000 employees in 72 countries. Serving a global client base, the Consultancy and Systems Integration Services, Managed Services and BPO, Cloud operations, Big Data and Cyber-security solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry.
With its deep technology expertise and industry knowledge, the Group works with clients across different business sectors: Defence, Financial Services, Health, Manufacturing, Media, Utilities, Public Sector, Retail, Telecommunications and Transportation.
ATOS IT Solutions and Services Limited is rated 5A1 by Dun & Bradstreet, with a tangible net worth of £173,054,000 (December 2014) which represents a minimum risk of business failure.
TENURE Long leasehold from Nottingham City Council for a term of 125 years from 25 December 1987, thereby offering in excess of 97 years unexpired, at a peppercorn rent, without review.
EPC The property has the following Energy Performance Certificate Rating: E 103
VAT The position with regards to VAT is reserved at all times and interested parties are advised to seek independent advice in relation to this matter.
PROPOSALOffers are sought in excess of £3,000,000 (Three Million Pounds). A purchase at this level would reflect an attractive net initial yield of 6.75% and a potential reversionary yield of 7.88%, subject to contract and exclusive of VAT, assuming standard purchasers costs at 5.8%. A purchase at this level equates to a capital value of £714.42 per sq m (£66.37 per sq ft).
ViewingStrictly by appointment only with the Sole Agent Savills.
Enfield Chambers18 Low PavementNottinghamNG1 7DG
Victor Ktori Christine Thorn0115 934 8171 0115 934 [email protected] [email protected]
This is how energyefficient the building is
INVESTMENTATOS DATA CENTRE
Important informationSavills, 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 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 of representations of fact.2. Any areas, measurement or distances are approximate. The text, images and plans are for guidance purposes only and are not necessarily comprehensive. It should 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. September 2015. www.sketch-creative.co.uk
VIEWINGStrictly by appointment only with the Sole Agent Savills.
Enfield Chambers18 Low PavementNottinghamNG1 7DG
Victor Ktori Christine Thorn0115 934 8171 0115 934 [email protected] [email protected]
