Commercial property for sale Queensway, Bognor Regis
Guide Price £2,000,000
A highly prominent South Coast commercial building with full planning consent to create 24 residential apartments within 200 meters from the sea front. (planning reference: BN/266/17/PL)
Regent House comprises of a Freehold three storey building with the ground floor currently occupied under a long-term lease, with vacant upper floors. We believe that the building was constructed in the late 1960's / early 70's predominantly of concrete under a flat roof. Now benefiting from consented planning (ref: BR/266/17/PL) to create 24 residential apartments totalling approximately 16,251 sq ft over 5 floors.
Regent House is located in Bognor Regis, a seaside resort in West Sussex located on the south coast of England. West Sussex is bordered by East Sussex to the east, Hampshire to the west, and Surrey to the north and to the south is bounded by the south coast of England and the English Channel. Bognor Regis itself is located approximately 55 miles south-west of London, 24 miles west of Brighton and is approximately 6 miles south-east of the Cathedral City of Chichester. Bognor Regis is a seaside holiday destination that attracts visitors and tourists throughout the year. Butlins holiday camp has been present in Bognor Regis since 1932 and caters for over 385,000 visitors per year. The resort is one of the largest employers in the Bognor Regis area and now incorporates a number of hotels with further hotels planned as part of the Bognor Regis Regeneration.
Bognor Regis railway station is operated by Southern railway and has a direct service into London Victoria with journey times of approximately lh 44m as well as to surrounding towns of Littlehampton and Barnham. There are good road communication links to surrounding South Coast towns including Southampton, Chichester and Brighton via the A259 and A27. The A3(M), accessed via the A27, provides access northbound towards the M25 and central London. More specifically, Regent House is located in the centre of Bognor Regis located on the west side of Queensway at its junction with West Street. West Street links with the High Street to the east of the property and forms part of the town centre. The property backs onto the proposed Hothampton Linear Park regeneration project as well as being within approximately 200 meters from the sea front.
Planning Opportunities Currently the Freehold building has residential planning consent to convert and add to the upper floors creating 24 residential dwellings. With the potential development within the surrounding areas (part of the proposed local regeneration project) subject to planning, further floors could be achieved, creating an increased number of residential dwellings.
BUILDINGS REPORTS A number of reports and surveys are available on request from Tod Anstee Hancock. (Site Survey, Engineers Structural Calculations, Acoustic, Asbestos and Structural Timber & Steel Layouts)
SERVICES We have not made specific enquires into the availability, location and capacity of the services, but observations indicate that mains, water, gas and electricity are connected to the property.