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Fairways House Mount Pleasant Rd 26,362 SF 100% Leased Office Building Southampton SO14 0YS $5,049,825 ($191.56/SF) 8.59% Cap Rate
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
Building Size
26,362 SF
Building Class
B
Year Built/Renovated
2002/2022
Price
$5,049,825
Price Per SF
$191.56
Cap Rate
8.59%
NOI
$433,612
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,181 SF
Slab To Slab
12’
Building FAR
0.36
Lot Size
1.67 AC
Parking
130 Spaces (4.93 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Autism Hampshire
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- Cobra Installations Ltd
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- Donna Nile Peck Interiors
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- Epos Group
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- Freedom Works
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- 5,000 SF
- -
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- Pathways 2 Enlightenment
- -
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- Product 5 Retail
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- 4,194 SF
- -
- Jun 2024
- Rainbow Project
- -
- -
- -
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- Rainbow Trust
- -
- -
- -
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-
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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 | SF OCCUPIED | RENT/SF | LEASE END | ||
| Autism Hampshire | - | - | - | - | ||
| Cobra Installations Ltd | - | - | - | - | ||
| Donna Nile Peck Interiors | - | - | - | - | ||
| Epos Group | - | - | - | - | ||
| Freedom Works | - | 5,000 SF | - | - | ||
| Pathways 2 Enlightenment | - | - | - | - | ||
| Product 5 Retail | - | 4,194 SF | - | Jun 2024 | ||
| Rainbow Project | - | - | - | - | ||
| Rainbow Trust | - | - | - | - | ||
|
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Fairways House | Mount Pleasant Rd
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