Summary - 5 Victoria Drive,BOGNOR REGIS,PO21 2RH PO21 2RH
1 bed 1 bath Land
Approved plans for retail plus five flats — value project for experienced investors..
Planning permission for 1 retail + 5 residential units (BR/280/19/PL)
An approved mixed-use redevelopment opportunity in Aldwick, Bognor Regis with planning permission (Arun DC ref BR/280/19/PL) for one ground-floor retail unit and five residential units above. The site is a vacant single-storey retail unit on a rectangular 0.05-acre plot with four front parking spaces and right-of-way access along the right-hand side, incorporated into the consented plans.
Offered freehold at £350,000, the site is suited to an investor or developer able to manage a compact urban rebuild. The approved scheme and existing access arrangements reduce planning risk, while fast broadband and excellent mobile signal support modern residential and retail lettings. Nearby amenities, schools with good Ofsted ratings and a busy retail district add practical appeal for future occupants.
Buyers should note material location and condition factors: the property sits in a deprived area with a higher local crime rate, which could affect tenant demand, rents and management costs. The existing building requires demolition or extensive retrofit; the approved scheme assumes full redevelopment. This is a value-driven purchase for purchasers who can absorb refurbishment, active asset management and local lettings strategy.
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