Plans to regenerate the recently unoccupied Poundland unit in Worthing town centre have been approved and the site looks set to be transformed into mixed use residential and commercial space. Planning consent has been agreed and the opportunity has already attracted interest from developers following its recent launch by our Commercial team.
As part of the ambitious Adur and Worthing Growth Deal regeneration programme, this development site will be a welcome addition to the town, providing much needed housing to the popular central location, as well as brand new commercial space. Making the best use of the available land, it will support the overall vitality of Worthing Town Centre as well as providing a great prospect for investment and new employment opportunities.
Originally built in the 1960’s, the 105-109 Montague Street property was previously occupied for many years by Poundland until last year when the tenancy expired. With planning permission for this development recently granted, it will provide a new mixed-use scheme totalling 26 residential apartments; a mix of 6 studios, 12 one beds, 6 two beds and 2 three beds. Plus, a large space on the ground floor to be occupied for use as a commercial unit.
Located within the town’s principal shopping precinct of Montague Street, the new development will present the perfect position for potential residents. Being in the midst of the vibrant town with a wide range of high street and independent shops, quirky cafes and restaurants to suit every type of cuisine from family friendly to high-end. Plus, all are within walking distance, and the beach and seafront promenade just a short stroll away.
With the Office of National Statistics (ONS) estimating there will be an extra 4,500 people living in Worthing over the next 25 years, there is an increased need to provide housing to keep up with and meet property demand. The new residential development will provide 26 excellent apartments, ideal for first time buyers, buy-to-let investors or those looking to downsize and move closer to the beach.
We have reported increased demand for commercial and residential properties in the local area. Steve Berrett, Director of Michael Jones Commercial said:
We are thrilled that planning consent has been gained to demolish the existing unused building and replace it with sought after commercial and residential space.
This rare new development opportunity fits well with the Council’s vision to regenerate the town. Improvements are coming to the heart of the town, including works to pedestrianize Portland Road to incorporate a new continental style boulevard and interactive art features. The plans, known as public realm improvements, form part of the £12 million Growth Deal agreed by West Sussex County Council and WBC over the next five to ten years.
For further information about this development opportunity, please get in touch with our Commercial Team via email firstname.lastname@example.org or call 01903 201 212.