Initial price	£1,250,000
13/10/23	£995,000
Price Change	-20.40%

A substantial waterfront property with a slipway and excellent harbor and sea views, offering a great opportunity for residential conversion. The property, which dates back to the 1800s with extensive alterations in the 1930s, has been used as offices since 1986 and is understood to have been the former workplace of famous naval architect Uffa Fox. The building has a total area of around 2,686 square feet over five floors, with light-filled accommodation and excellent views from the observatory and roof terrace. The property benefits from a convenient location, a short walk from the principal marinas, shops, and restaurants, as well as being close to the high-speed Red Jet ferry to Southampton. The current use is as offices, but there is potential for change of use to residential under the General Permitted Developments Order. Non-domestic rates are payable, and the property is freehold with a 5-year Crown Estate lease on the area beneath the slipway. Vacant possession will be available in September/October 2023.