Large income-producing building with redevelopment potential for an investor.
Freehold riverside site of 1.673 acres
A substantial freehold commercial investment on a 1.673 acre rectangular riverside site, Fairways House offers an income-producing E-class building currently operated as managed workspace. The property extends to approximately 33,500 sq ft over two levels with modern wired and wireless internet, flexible coworking facilities and event/meeting space. It benefits from circa 130 surfaced car parking spaces and direct frontage to the River Itchen.
The building is offered with a reported gross annual income of c.£322,000 and is currently c.85% occupied under short-term licences (outside the Landlord and Tenant Act 1954). The site has Class E consent and presents immediate rental income plus clear scope for repositioning, lease reconfiguration or redevelopment, subject to planning consent.
Buyers should note material considerations plainly: the property sits in a very deprived area with a very high local crime rate and mixed industrial surroundings including nearby rail infrastructure. Occupancy is licence-based, so income stability depends on ongoing short-term agreements. Any redevelopment would require the necessary consents and due diligence on VAT, AML and title matters.
This is best-suited to an investor or occupier seeking a large freehold riverside asset with existing cashflow and medium-term development upside. Financial and site inspections are recommended to assess tenancy profiles, servicing, and planning feasibility before exchange.
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