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Fairways House Mount Pleasant Rd 26,362 sq ft 100% Let Office Property Southampton SO14 0YS £3,750,000 (£142.25/sq ft) 8.59% Net Initial Yield
Investment Highlights
- Prominent Freehold Income Producing E-Class Property For Sale.
- Site extending to 1.673 acres (0.677 hectares).
- Car park for approximately 130 parking spaces.
- Operated as managed workspace with a gross income of c£322,000 pa.
- Property arranged over two levels extending to approximately 33,500 Sq Ft.
- Adjacent to the landmark Meridian Waterside development.
Executive Summary
The site is roughly rectangular in shape and extends to 1.673 acres (0.677 hectares) which comprises a detached two storey industrial unit converted into serviced office space. Current site coverage from the building is approximately 40%. With over 130 car parking spaces. The property our clients as serviced/managed workspace and benefits from a modern range of traditional office rental to coworking and flexible office spaces. Available workspace to hire includes: Virtual Offices, Hot Desk, Permanent Desk, Office Space and Meeting Rooms. Alongside this, various private event space and two meeting rooms, a range of break out areas including kitchenette and tea/coffee facilities. With modern wired and wireless internet connection throughout the building. The immediate area includes views and access to walks along the River Itchen, further employment and to the east the landmark Meridian Waterside development, a major regeneration scheme creating a dynamic destination for riverside living.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
26,362 sq ft
Costar Property Class
B
Year Built/Renovated
2002/2022
Price
£3,750,000
Price per sq ft
£142.25
Yield
8.59%
NOI
£322,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
13,181 sq ft
Floor To Floor Height
12 ft
Plot ratio
0.36
Total Plot Size
1.67 ac
Parking
130 Spaces (4.93 Spaces per 1,000 sq ft Leased)
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Autism Hampshire
- -
- -
- -
- -
- Cobra Installations Ltd
- -
- -
- -
- -
- Donna Nile Peck Interiors
- -
- -
- -
- -
- Epos Group
- -
- -
- -
- -
- Freedom Works
- -
- 5,000 sq ft
- -
- -
- Pathways 2 Enlightenment
- -
- -
- -
- -
- Product 5 Retail
- -
- 4,194 sq ft
- -
- Jun 2024
- Rainbow Project
- -
- -
- -
- -
- Rainbow Trust
- -
- -
- -
- -
-
- -
- -
- -
- -
Wessex Cancer Support provides free, local and personalised emotional and wellbeing support to anyone affected by cancer in the Wessex area. You may have cancer yourself, be adjusting to life after cancer, supporting someone with cancer, or be bereaved. Through their cancer support centres, they provide a drop-in service, professional counselling, complementary therapies, activities, support groups and courses. They have developed, and are constantly evolving, online services so you can access support in the way that suits you best.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Autism Hampshire | - | - | - | - | ||
| Cobra Installations Ltd | - | - | - | - | ||
| Donna Nile Peck Interiors | - | - | - | - | ||
| Epos Group | - | - | - | - | ||
| Freedom Works | - | 5,000 sq ft | - | - | ||
| Pathways 2 Enlightenment | - | - | - | - | ||
| Product 5 Retail | - | 4,194 sq ft | - | Jun 2024 | ||
| Rainbow Project | - | - | - | - | ||
| Rainbow Trust | - | - | - | - | ||
|
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- | - | - | - |
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Fairways House | Mount Pleasant Rd
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