Partner Article

Sold: Worthing residential development set to create ten homes

A former office building in Worthing is set to become a residential development after being acquired by a Croydon property developer.

The freehold property, on High Street, Worthing will be transformed into ten homes after the government gave planners and developers permanent Permitted Development Rights.

The 6,000 sq ft building was sold by SHW on behalf of The Rookery Estates Company.

Consent for change of use was obtained by law firm, Stiles Harold William LLP. The firm have been instrumental in the sale and conversion of well in excess of one million square feet across the region since May 2013.

Niral Patel, Partner for Stiles Harold Williams said: “Even with the uncertainty surrounding PDR rights in the last few months we were able to move forward on schemes such as this, ensuring a sale within three months from commencement of instruction. The government’s latest announcement will continue to fuel demand for such opportunities.”

Andrew Robson of The Rookery Estates Company said: “The vacation of a number of office occupiers at this property earlier in 2015 meant that the building had significant voids that we were unable to let. With the assistance of the planning team at Stiles Harold Williams, we obtained consent for residential use under the PDR rules, which in turn lead to a sale of the building, which saw good levels of interest.”

This was posted in Bdaily's Members' News section by Ellen Forster .