Residential development for sale

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Residential development for sale

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.
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