Grove Road, Eastbourne
Offers over £3,500,000 (Tenant Fees)

A former Police Station in Eastbourne's town centre with a GDV of £15,000,000. Planning permission for refurbishment and extension of the demise to create 50 residential apartments that has been granted under Planning Application no. 17089. The building is located in Eastbourne's town centre, within walking distance of the train station as well as the picturesque seafront.

Eastbourne
This popular seaside town has seen sustained growth over the years with substantial investment including, new housing developments as well as the £85 million redevelopment and expansion of the The Beacon Shopping Centre. The town boasts an increasing population which at the last census was over 100,000 residents; with their average age being 45 years old.

The former Police Station occupies a prime position in the Little Chelsea area of Eastbourne's town centre, which is known for it's character buildings, shops and close proximity to the train station. Nearby you will find the historic Town Hall, Saffrons Sports Ground and the seafront which is less than a mile away. Eastbourne has recently hosted The Turner Prize and is also well known for hosting the annual International Tennis Tournament and the Airbbourne Airshow.

In recent years the town has been increasingly attracting residents from far and wide that are looking for that idyllic life by the coast. Including people relocating from neighbouring Brighton & Hove, where they have been out priced by the housing market in the city.

The town is also known for being a gateway to The South Downs Way, attracting people form far and wide to appreciate the town and its offering.

The Opportunity
This former Police Station is a prominent building on Grove Road streetscape, with the planning permission allowing for increasing the square footage and height of the existing building with the addition of a mansard roof. Further development is permitted with the demolition of the later rear addition to the property and creation of a new attached building. These works blend the character of the 1930's Civic red brick building with the modern requirements of new home owners and tenants alike. These include additions such as recessed balconies, enlarged window openings and lifts.

We understand the GIA to be 49,406.35.

Current planning guidelines allow for 30% Affordable Housing but this may be reduced to 15% if a successful empty building permit was granted.

For further information/plans please view the planning documents on Eastbourne's planning portal using reference 170819 or contact the sole agent, Home + Castle.