Aspen House

Ancells Business Park, Barley Way, Fleet, Hants, GU51 2UT

8,450 sq ft
For Sale
Investment Property

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Property Type Investment Property
Tenure For Sale
Size 8,450 sq ft
Freehold Price Price On Application
Business Rates £49,644 per annum (based on rateable value of £98,500)
Energy Performance Rating Upon enquiry

Key Features

  • Detached 8,450 sq ft office/data centre investment.
  • Let to Datanet.co.uk Ltd to 19th July 2027.
  • Let at a low rent of £111,000 pax ( £13.13 per sq ft).
  • Current office rents on Ancells BP circa £16.00 to £17.50 psf.
  • Upward only rent review and tenants break 20th July 2022.
  • FRI Lease outside the L&T Act 1954.
  • Secure site with 52 car spaces.

Location

Aspen House is located fronting the M3 motorway, within Ancells Business Park, one of the premier Business Parks on the M3 motorway. Ancells Business Park is home to several blue chip companies and organisations such as Murata, Keysite Technologies, Boeing Defence UK, Compassion UK and Rohde & Schwarz.

Road communications are excellent, with J4a of the M3 being just 3 miles distant. Fleet mainline railway station is only one mile from the building (with half hourly services to London Waterloo and a journey time of approximately 50 minutes).

Description

Aspen House comprises a self-contained detached modern two storey office building with it's own private parking for up to 52 cars. The building is occupied by Datanet.co.uk Ltd ( Co Reg 3214053) as a data centre and office HQ. Datanet.co.uk Ltd provide private cloud, hosting and connectivity solutions, Experian provide a "Below Average Risk" credit score for the company. The tenant has fitted out the ground floor as a data centre, whilst the first floor is used as open plan offices with a number of meeting rooms. The tenant has installed a significant power supply of up to 1.5MW (500kva), and there is fibre broadband connectivity of up to 10GB. Additionally the tenant has installed a UPS system, with three external back-up generators housed in a secure fenced area within the car park.

Accommodation

The building provides the following approximate net internal floor areas:-

Ground floor reception 95 sq ft
Ground floor offices 4,145 sq ft
1st floor offices 4,210 sq ft
Total  8,450 sq ft

 

Tenancy Information

The entire building is let to Datanet.co.uk Ltd ( Company Reg No 3214053), who have been in occupation since 2007. The lease, which is on a FRI basis and outside the Landlord and Tenant Act 1954, is for a term expiring on 19th July 2027. The rent is at a very low passing rent of £111,000 per annum exclusive (£13.13 per sq ft). There is an upward only rent review in July 2022, together with an tenants option to determine the lease at the same date. The tenant benefits from a 3 month rent free period from 20th July 2022.

Tenure/Price

The freehold is offered for sale subject to and with the benefit of the lease to Datanet.co.uk Ltd. Offers are invited for the investment.

Viewing/Further enquiries

Strictly by appointment through Hurst Warne Peter Richards - 07803 078011