Freehold Data Centre Investment, 2 Shepherd’s Spring Lane, Andover, SP10 1DL

- A highly specified, purpose built, 2 storey computer data centre providing approximately 58,020 sq ft (5,390 sq m) GIA with fitted and operational data halls of 23,594 sq ft (2,192 sq m).
- Accessible location off the A303 which provides direct access to the M3 approximately 11 miles (17.7 km) to the east.
- Tier III specification with dual feeds from the Andover East primary substation.
- Reserved authorisation for 10 MVA of power while the supply from the primary substation is rated up to 14 MVA.
- Planning permission has been granted for a 35,000 sq ft (3,252 sq m) extension which will not exceed the 14 MVA rating.
- Let to the undoubted covenant of Atos Origin IT Services UK Limited and guaranteed by Atos Origin UK Holdings Limited.
- New FRI lease from the 30th June 2011 expiring on the 30th June 2030 providing an unexpired term of 19 years.
- The current rent passing is £509,133 per annum (£8.76 psf) and will increase to £1,700,000 per annum (£29.30 psf) on the 24th June 2015. From the 24th June 2016 the rent will increase on each anniversary in line with the RPI index subject to a collar of 2.5% and a cap of 5%.
- The vendor will top up the passing rent to £1,700,000 per annum until the 24th June 2015.
- The property is held in an Isle of Man registered SPV and therefore shares in the company could be acquired to reduce transactional costs.