>
Residential development for sale
Western Road, Bexhill-On-Sea TN40
£875,000
Western Road, Bexhill-On-Sea TN40
£875,000
Our Summary
- A fantastic opportunity to secure a property where planning permission was granted on the 17th July 2020 to convert and create a residential and commercial mix right in the heart of Bexhill town centre
- PLANNING CONSENTS: Planning was approved on the 17th July 2020 and has lapsed
Description
The Bexhill Mall is an opportunity to purchase a former shopping mall with commercial units, a gym, and residential flats in the heart of Bexhill town centre. The property has planning permission to convert and create a residential and commercial mix, with the possibility of revitalizing the exciting property and creating a community hub. The current owners are open to discussing a joint venture or outright purchase of the property, which generates a sizeable income from rents. The site is located in a busy street in a popular seaside town with a population of approximately 45,000 residents, and is surrounded by independent traders, restaurants, and a mainline railway station. The planning consent has lapsed, but the local council is expected to encourage the development.