HIGH YIELDING INVESTMENT

Tenant Sensia UK Ltd (A JV between Rockwell Automation and Schlumberger)

Guarantor Rockwell Automation Inc. (5A2)

Lease Expiry 22/09/2025 (no further tenant breaks)

MILLENNIUMHOUSEInnovation Park, Campus One, Bridge of Don, Aberdeen AB22 8GT

FOR SALE

SCOTIA INSTRUMENTATION

BAKER HUGHES

ROCKWELL AUTOMATION

WIPRO LIMITEDAPPETITE FOR BUSINESS

ABSOFT LIMITED- ABERDEEN

OIL & GASINNOVATION CENTRE

EC-OGEARLY BIRD CATERING

BME UK

JAMES GREGORY CENTRE

HHAARREEHHIILLLL RROOAADD

AXIS WELL TECHNOLOGY

BALGOWNIE ROAD

BALGOW

NIERO

AD

CAM

PUS

ONE

CAMPUS ONE

CAMPU

SO

NE

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 along with

dedicated w.c. and tea making

facilities.

The premises benefit from 39 Car

Parking spaces providing a parking

ratio of 1:249 sqft with the overall

site extending to 0.94 acres.

DESCRIPTION FLOOR AREAS

SQM SQFT

Reception 53.23 573

East Wing 332.96 3,584

West Wing 515.89 5,553

Total 902.08 9,710

The above floor areas have been calculation on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition)

BONDED STORE / QUARANTINE

AREA

TEST RIGS

CoP SUPPORT RIG AREA

OFFICEOFFICE

OFFICE

OFFICE

OFFICE

OFFICE

OFFICE

CONFERENCE ROOM

OFFICE

TOILETSTOILETS

TRAINING ROOM

RECEPTION HALL / LOBBY

KITCHEN

MEETING ROOM

STORE ROOM

BUILDING MAIN ENTRANCE

VESTIBULE

West Wing East Wing

BLACKDOG JUNCTION

BRIDGE OF DON

NORTH SEA

ABERDEEN

TECA

DYCE STATION

ABERDEENINTERNATIONAL

AIRPORT

ABERDEENRAILWAYSTATION

DIAMONDBRIDGE

(The Third Don Crossing in Aberdeen)

AWPR (A90)

AWPR (A90)

A92

A92

A92

A96

A944

MILLENNIUMHOUSE

HIGH YIELDING INVESTMENT

LOCATION

Aberdeen

Aberdeen is located on the East coast

of Scotland approximately 125 miles

north of Edinburgh and 150 miles

north east of Glasgow. The nearest

cities to Aberdeen are Dundee, 66

miles to the south, and Inverness, 105

miles to the north west. Aberdeen

is Scotland’s third largest city with a

population of approximately 230,000

and a regional catchment of around

500,000 people.

The city is an internationally

recognised business centre with

globally competitive industries,

excellent academic and research

capabilities and a highly skilled

work force.

The city is the administrative financial

centre for Aberdeenshire, is widely

recognised as the energy capital

of Europe, and is home to the UK’s

oil and gas industry. Aberdeen’s

presence as a global economic

hub is underlined by the number

of international businesses with

a presence in the region. Global

occupiers include Total, EY, BP,

KPMG, ExxonMobil, Aberdeen

Standard, Halliburton, Schlumberger,

Chevron, Maersk, Shell and Wood.

Aberdeen Innovation Park

Aberdeen Innovation Park is an

established business location,

situated to the south side of

Balgownie Road in Bridge of Don,

some 3 miles north of Aberdeen city

centre. Balgownie Road connects

Ellon Road and The Parkway (A90),

two of the principal arterial routes

north of the city, providing excellent

access to the wider trunk road

network. Travel to the city centre has

been significantly improved with the

recent completion of the Grandholm

Bridge – the third crossing of the

River Don.

The area has been further enhanced

with the opening of the Aberdeen

Western Peripheral Route (AWPR)

resulting in the location being

extremely accessible to all areas

of the City and the Scottish road

network.

Aberdeen Innovation Park is home

to a number of National and local

businesses; Wipro UK, Gyrodata,

Axis Well Technology, Scotia

Instrumentation and Sensia UK and is

a well established business location

within the City, well served by all

local amenties to include various

restaurant, retail, nursery and leisure

uses. The Business Parks also have

high level of parking provisions.

Important Notice. Savills, 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 here or elsewhere, 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 or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not 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. January 2020

CONTACT

Kieran Ward01224 971123 / kieran.ward@savills.com

Dan Smith 01224 971134 / dan.smith@savills.com

Pantone bright orange c#�5f00C: 0%M: 77%Y: 100%K: 0%

Pantone 072 C#060e9fC: 100%M: 98%Y: 2%K: 3%

TENANCY INFORMATION

The building is fully let to Sensia UK Ltd, a joint venture

between Rockwell Automation and Schlumberger.

The lease is guaranteed by Rockwell Automation

Incorporated (NYSE: ROK).

The tenant has been in occupation since 2005 with the

current lease terms as follows:

Date of Entry 23/09/2015

Expiry Date 22/09/2025

Rent Review 23/09/2020, OMRV or passing

Review Frequency 5 yearly

Passing Rent £155,369 p.a.

Repair Obligation Full Repairing and Insuring terms

COVENANT INFORMATION

The D&B credit rating for the guarantor is 5A2 from

24/1/2020. A copy of the credit report can be provided

to interested parties on application.

TENURE

The premises are currently held on a 125 year ground lease

expiring 15th October 2099. The current ground rent is

£30,144 per annum (agreed 16 October 2015). Further detail

on the ground lease is available upon request.

ENERGY PERFORMANCE CERTIFICATE

The premises have an EPC rating of F.

Further information and a recommendation report is

available to seriously interested parties on request.

PRICE

Offers over £1m (exc VAT) Are sought for our client’s

interest in the premises resulting in an attractive Net

Initial Yield of c.12%

VAT

All figures quoted are exclusive of VAT at the

prevailing rate.

VIEWING AND FURTHER INFORMATION

For further information or arrangements to view please contact the Joint Selling Agents.

MILLENNIUMHOUSE

Mark McQueen01224 202800 / mark.mcqueen@shepherd.co.uk