Summary - PARKWAY, 96, WICKHAM ROAD PO16 7JL
1 bed 1 bath Office
Large freehold office on 1.6 acres with conversion and redevelopment potential near M27.
- Freehold two‑storey office, 24,029 sq ft (2,232 m2)
- Large site ~1.632 acres with 106 off‑street parking spaces
- Solar panels, LED lighting and onsite generator included
- Potential residential conversion under Permitted Development Rights
- Redevelopment possible subject to planning and building consents
- Limited cooling — comfort cooling only on ground floor
- EPC rating C; vacant possession on completion
- Broadband average; VAT may be applicable
An imposing two‑storey freehold office on a very large 1.632‑acre site, The Parkway is best suited to investors, developers or owner‑occupiers seeking a substantial footprint close to the M27. The building offers 24,029 sq ft of mostly open‑plan accommodation, 106 off‑street parking spaces and useful on‑site services including solar panels, an onsite generator, LED lighting and an eight‑person lift.
The property benefits from Permitted Development Rights potential to convert offices to residential and broader redevelopment scope subject to the usual planning consents. Its proximity (0.5 miles) to junction 10 of the M27 — being upgraded to full access by late 2026 — strengthens transport and development appeal for future uses.
Practical positives include vacant possession on completion, mains gas and electricity, an EPC rated C and low local crime in an affluent suburban setting. There is some comfort cooling on the ground floor, but the main first‑floor office areas lack cooling and may need upgrading for continued office use or residential conversion works.
Important considerations: residential conversion or redevelopment will require detailed planning and building‑regulation work and may attract VAT. The building’s mid‑20th‑century fabric and services, while functional, could need refurbishment to unlock residential layouts or higher‑value occupational standards. Broadband speeds are average — adequate for many occupiers but a factor for some tech‑heavy tenants or residents.
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