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Agent's details

18-20 London Road

For sale: POA|23,021 Sq Ft|Office, General Retail, Offices, Retail

Property details

FOR SALEPOA
SIZE23,021 Sq Ft
ADDRESS18-20 London Road, Bognor Regis, PO21 1PY
TYPEOffice, General Retail, Offices, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th December 2021

Description

Key Points

  • The property is not listed and does not fall within a Conservation Area.
  • Planning reference – BR/270/18/PL.
  • 10/15 mins walk to Bognor Regis Campus, University of Chichester.
  • Summary

    FANTASTIC STUDENT / HMO DEVELOPMENT OPPORTUNITY IN THE SEASIDE TOWN OF BOGNOR REGIS

    Description

    The application site comprises a functioning retail store at ground level, with retail storage and staff offices at first floor. At roof level there is a small unoccupied storage area that leads to the roof for maintenance. The proposal is to provide up to 104 units of student accommodation on the rooftop of the existing store with associated kitchens, living spaces and ancillary supporting spaces. The design splits the proposal into two forms: a south west 6-storey block with reduced accommodation and roof maintenance access on the top floor, and a single-storey block on the north east side of the roof. The design does not propose any significant changes to the existing store, but utilises a portion of the lesser used first floor storage space for the new primary access core, a 5 bedroom flat, and ancillary spaces such as security office, refuse and cycle storage. Small areas of the shop floor will be altered for structural upgrades at the perimeter. The property has had a positive planning application granted on the 24 June 2019, for the Part conversion and extension of existing building to provide 6 No. additional storeys over existing rooftop to provide up to 104 No. student/HMO residential units with access from Bedford Street, associated servicing and ancillary accommodation, entrance and new internal stairs to existing building to provide access from Bedford Street.

    Viewings

    Nicholas Jennings Njennings@stirlingackroyd.com 07809 091 284 George Davey Georged@stirlingackroyd.com 07809 091 320

    Location

    The application site is situated in the retail district of Bognor Regis along the London Road high street. Bognor Regis is 55.5 miles south west of London, 24 miles west of Brighton, 5.81 miles south east from Chichester and 16 miles east of Portsmouth. The town benefits from a population of over 70,000 and is a popular holiday destination with a large Butlins resort within the town. 18-20 London Road boasts good communication links and is within walking distance to the train station which is direct to London Victoria (1 hour 35 mins). The local University to the site is Chichester, which had 5,500 students according to the 2019 census. The university already has a student campus in Bognor Regis which is within a 15-minute walk from 18-20 London Road.

    Terms

    The entire property is let to Wilkinson Hardware Stores Ltd on full repairing and insuring terms for a term of 15 years from 13 July 2009

    Location

    marker
    Location: 18-20 London Road, Bognor Regis, PO21 1PY

    Bognor Regis (0.3 miles)

    Barnham (3.6 miles)

    Ford (5.2 miles)

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