Hemel Park, Boundary Way, Hemel Hempstead, Hertfordshire, HP2

The subject property comprises a purpose-built data centre situated on a secure, self-contained site extending to approximately 1.404 acres, located off Boundary Way. The facility is arranged over ground floor with a gross internal area of approximately 28,256 Sq ft (2,625.07 Sq m). The building is fitted out to a high specification suitable for the operations of the data centre, including: 3 MVA power supply, Secure perimeter fencing and gated access, Two data halls, Backup generator systems, Secure loading and plant areas.

Location

Hemel Hempstead is a key commercial and technological hub in Hertfordshire, located approximately 24 miles north-west of Central London. The town benefits from excellent connectivity, with direct access to the M1 motorway (Junction 8) and close proximity to the M25 (Junction 21), making it highly accessible to London and the wider South East region. Rail services from Hemel Hempstead Station provide regular, fast services to London Euston in under 30 minutes. The site, located behind One Stop Doctors on Boundary Way, sits within the well-established Maylands Business District in Hemel Hempstead - the town's primary commercial and industrial hub. This area is home to a wide range of national and international occupiers, including companies such as Britvic, Henkel, Amazon Web Services (AWS), Royal Mail, NEXT, Evri and Vitabiotics underlining its reputation as a key employment zone in Hertfordshire.


Terms

Available for sale freehold with the benefit of the new lease to be granted to Imagination Technologies Ltd. The asking price is offers in excess of £9,500,000 (Nine Million Five Hundred Thousand Pounds) reflecting a net initial yield of 6.27% after allowing for standard purchase costs.

Viewing

Strictly by appointment only to be arranged via joint sole selling agents Chamberlain Commercial .

Rental And Income

The proposal is based on the property being let on the following outline terms:
Tenant: Imagination Technologies Limited. Lease Term: A new lease for a term of 15
years. Rent: £635,760 per annum exclusive £22.50 per sq ft. Break: There is to be a Tenant Break Option end of Year 10 with 6 months prior written notice. Rent Reviews: Five-yearly rent reviews indexed linked to CPI with a cap and collar (4% and 1%). Repairing Obligations: Full repairing and insuring (FRI) lease. Security of Tenure: Contracted inside the Landlord and Tenant Act 1954. Permitted Use: Use as a data centre or associated digital infrastructure and B8.
A set of heads of terms with full information on the proposed terms are contained within the data room- access is available upon request.