Business in Eastbourne is doing what it can to “buck the trend”,…kick out the recessation….and our strong Commercial Solicitor Team are right with you.
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TAKE A LOOK AROUND THE TOWN……
Recent months have seen a radical change for Businesses in Eastbourne’s property market and unlike many towns, it has been entirely for the good. A recent report from Reid+Dean states that most residential agencies have found their volume of sales increasing and are now short of stock, but it is on the commercial side where new activity has been most marked.
After five years in the doldrums the commercial market has sprung to life and there are good signs all around. Pay a visit to the Arndale Centre and you will see it is almost full with River Island opening and a host of smaller businesses now being represented. Look in Terminus Road and there is Patisserie Valerie, and opposite the station the terrace which was an eyesore just twelve months ago is all sold or let with refurbishments taking place and new businesses moving in. In Hampden Park, Morrisons have just opened their biggest store in the UK.
On hotels, the Ambassador was first to sell in 2012 and is now being completely revamped to four star standard, and the 70 bedroom Claremont Hotel opposite the Pier has been sold to Daish’s. The Carlton Court also has a new owner.
On the retail front Sainsbury’s have taken five adjoining shop units in Seaside and the building is now in the process of creating a single unit. The former snooker hall above the shops has been converted into 12 new flats which will be marketed soon. The completion of this development will make a significant contribution to the appearance and vitality of this part of the town.
At Esher House in St Leonards Road, Reid+Dean have acquired a derelict 13,000 sq ft office building and a planning application is about to be submitted to convert it into an IVF clinic.
“The turnaround has been astonishing” remarks Mike Reid“ we have seen more commercial transactions in 2012 than for the previous four years combined, and the quality, size and effect of some of those will make a big difference to the presentation and economy of Eastbourne”.