West Park House, Southampton

JLL as advisors with Vail Williams are pleased to present West Park House, located at 23 Cumberland Place, Southampton SO15 2BB. This is a prime freehold office offering a unique opportunity for investors, developers, and occupiers.

This 17,172 sq ft office building, originally constructed in 1996, is strategically positioned in Southampton's central business district. With the entire property let to Paris Smith LLP until August 2026, generating an annual rental income of £324,675 per annum, this asset promises immediate cash flow stability. Additionally, the ground and first floors are sublet to Health & Protection Solutions Ltd, who are paying £150,183 per annum and are interested in extending occupancy. With prime office rents in Southampton at circa £30 per sq ft, West Park House offers considerable growth prospects.

Positioned in a rapidly developing locale, West Park House benefits from excellent transportation links, including proximity to the M3, M27 motorways, and Southampton Central Railway Station. The city's status as a major cultural and economic hub, highlighted by its bustling maritime industry and prestigious academic institutions, further accentuates this property's appeal. Future development potential is robust, with a massing study indicating the possibility of a 12 to 16 storey building.

With the Southampton economy driven by 7,400 businesses and projected population growth, West Park House stands as a compelling value-add investment. The site's low capital cost of circa £175 per sq ft for a freehold property, combined with its prime location, outlines a clear path for future redevelopment into residential or student accommodation. Investors are invited to explore this asset's potential within Southampton's vibrant landscape.