Development land for sale - Fairways House, Alpha Business Park, Southampton, SO14 0QB

<strong>Description</strong><br>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. <br /> <br /> 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.<br><br><strong>Planning</strong><br>The property is currently used as an office and benefits from Class E consent. The building is not listed and does not sit within a conservation area. <br /> <br /> There is potential for redevelopment, subject to the necessary consents.<br><br><strong>Business Rates</strong><br>Detail on application<br><br><strong>EPC</strong><br>D-76<br><br><strong>Tenure</strong><br>Our clients own the freehold interest and operate the building as managed workspace.<br /> <br /> The building is currently at 85% occupancy and generates an annual gross rental income of £322,000, (including rent, car park, electrical recharges and other rental income. Full details on request. Occupancy is by way of short term licences, outside the Landlord and Tenant Act 1954 (as Amended) provisions relating to security of tenure.<br><br><strong>Guide Price</strong><br>Offers in excess of £3,750,000 for the freehold interest, subject to the current licences.<br><br><strong>Viewing</strong><br>For a formal viewing strictly by appointment with Savills.<br><br><strong>AML</strong><br>To comply with Anti Money Laundering regulations, Savills undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.<br><br>