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P1000825
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Unknown-1
  • For Sale
  • Offers Over £685,000
  • 40-42 Cooden Sea Road, Bexhill-on-Sea, Sussex, TN39 4SL
  • MIXED-USE DEVELOPMENT OPPORTUNITY

MIXED-USE DEVELOPMENT OPPORTUNITY

| February 10, 2020

Executive Summary

  • Planning consent granted for conversion, alteration and extensions to provide 9 x apartments and 3 x retail units.
  • 6 x 2 bedroom apartments and 3 x 1 bedroom apartments measuring approximately 6,664 square feet of net saleable area.
  • 3 x ground floor retail units totalling approximately 1,646 square feet.
  • 6 off street parking spaces to the rear of the property.
  • Plot size approximately 8,065 square feet.
  • Offers are invited in excess of £685,000 for the freehold interest with full vacant possession.

Location
The property is located on Cooden Sea Road (B2182) at the junction with Meads Road in the heart of Little Common, which is a small village adjacent to Bexhill-on-Sea, East Sussex. Bexhill-on-Sea is a typical seaside resort with a wide sand and shingle beach. The high street boasts a range of national occupiers and independent shops. The pioneering De La Warr Pavilion is a centre for the arts, with exhibitions, events and entertainment. Just a short walk from the town centre lies Egerton Park, which offers a children’s playzone, fitness area and tennis courts. Little Common Primary school is 0.1 miles away and is rated ‘good’ by Ofsted. For Secondary schools, Bexhill High Academy is ‘good’ and St Richard’s Catholic school and Glyne Gap school are both ‘outstanding’. Little Common is around 60 miles from London and can be reached via the A21, which leads to Junction 5 of the M25. Hastings is around 6 miles away and Brighton is around 30 miles away. Train links are good. Cooden Beach Station is within walking distance, with direct trains to London Victoria taking 1 hour 50 minutes and to Ashford International taking 62 minutes.

Description
The existing property arranged over 2 floors was previously utilised as a supermarket on the ground floor with first floor storage and 1 x 3 bedroom apartment fronting Cooden Sea Road. To the rear of the property is a car park accessed from Meads Road which accommodates approximately 6 cars. The property is currently in shell and core condition throughout ready which means no significant strip out will be required prior to works being commenced.

Development
Rother District Council granted approval under the planning reference RR/2020/1170/P in September 2020 for change of use, alteration and extension from 1 x retail unit (A1) and 1 x apartment (C3) to 3 x commercial units (A1/A2) and 9 x apartments (C3.) The proposal provides for 3 x commercial units (A1/A2) on the ground floor totalling approximately 1,646 square feet and 2 x apartments. The first floor will provide a total of 4 x apartments with minor alterations to the existing unit and conversion of the storage area to create 3 x new apartments. The second floor will be a new extension to provide 3 x apartments. The 9 x apartments will provide a total net saleable area of approximately 6,664square feet (6 x 2 bedroom and 3 x 1 bedroom). Internal access is highly recommended as the existing commercial space on ground and first floors are currently shell and core condition meaning they would only require a straight forward build, with the largest of the commercial units sitting prominently on the corner of the building.

Terms
Offers are invited in excess of £685,000 for the freehold interest, with full vacant possession.

Data Room
Additional legal information, including planning documents and title information, are available by contacting us directly.

Legal Costs
Each party are to pay their own legal costs.

Viewings
Strictly by appointment through joint sole agents Harston&Co and Highfield Investments.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.