Spacious redevelopment canvas near waterfront and growing visitor footfall.
Extensive open-plan 5,570 sq ft (approx. 557 sqm) internal space
Set within the historic Royal Haslar development, The Old Gym is a substantial, characterful shell ready for a hospitality conversion. The building’s industrial scale — high vaulted ceilings, large windows and roughly 5,570 sq ft (approx. 557 sqm) of open space — provides a flexible canvas for a pub, restaurant or mixed-use leisure venue aimed at residents and visitors to the redeveloped waterfront.
This is a project for an investor or operator who can manage a major refurbishment. The property is currently derelict and will require comprehensive renovation works to meet modern standards. Tenure is unknown and broadband speeds are currently slow; these are practical matters to resolve early in due diligence. There is no flooding risk and local crime levels are low, supporting long-term operational stability.
The site benefits from a growing local community, nearby tourist amenities and good transport links, making it attractive for a destination venue. Its period character and industrial features can be retained to create a distinctive offer that capitalises on the seaside location and redevelopment momentum. VAT treatment may apply to the sale or conversion — budget for professional advice and realistic build costs.
Suitable buyers should expect an intensive programme of works, planning liaison and infrastructure upgrades (utilities and digital). In return, the scale and position offer strong potential to establish a standout hospitality business in one of Gosport’s most notable regeneration sites.
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