Summary - Fairways House, Alpha Business Park, Southampton, SO14 0QB SO14 0QB
1 bed 1 bath Office
Income-producing managed workspace with redevelopment potential by the Itchen.
Freehold riverside site of 1.673 acres with prominent river frontage
A prominent freehold commercial asset on a 1.673-acre riverside plot, currently operated as managed serviced workspace generating c. £322,000 gross income. The two‑storey industrial/office building is well served by c.130 car spaces and benefits from Class E use and a strong waterfront location adjacent to the Meridian Waterside regeneration.
The property is income producing at c.85% occupancy under short‑term licences (outside LTA 1954), providing immediate cashflow and active management flexibility. There is clear redevelopment potential subject to planning consent; the site coverage is only around 40% so external circulation, parking and yard areas are generous for an urban riverfront site.
Buyers should note material cautions: the building has an EPC rating of D‑76, internal condition and exact net internal area require buyer verification (brochure states c.33,500 sq ft while other records show 26,362 sq ft), and the surrounding area records very high crime and significant deprivation. These factors affect occupational risk and repositioning plans.
This freehold suits investors seeking an income‑producing riverside asset with medium‑term repositioning or redevelopment upside. It is also appropriate for an owner‑occupier willing to undertake internal upgrade works and decant management during refurbishment.
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