A property that housed an amusement arcade in Hastings old town has been sold for redevelopment, as planning permission is being sought to turn it into 20 flats and commercial units.
Property development company Oasis Development Hastings Ltd acquired the 14,039 sq ft (1,304 sq m) property at 39-41 George Street.
The proposal includes the demolition of the entire building with a rebuild to a high quality standard, incorporating some of the historic features specific to George Street and Hastings.
A spokesperson for Oasis Developments said: “The application is highly supported by local organisations with the view that this will enhance the George Street elevation and be a premier tourist attraction.”
The property consultancy concluded a deal with the purchaser, Oasis Developments Hastings Ltd, an independent property development company.
Arranged mainly over three floors, the early 20th century property just off the seafront also once housed a nightclub at first floor level.
Vail Williams acted for the freeholder over the disposal of the property.
Steve Berrett, Vail Williams’ partner based in Crawley, said: “We acted for an existing client on this deal. Properties like this are rarely available and we had strong interest throughout the process.
“Historically, the site will be known to many people as the family entertainment centre Old Town Amusements, with Georgies (formerly Waves) nightclub above, but it became surplus to requirements.
“The site attracted a number of enquiries due to its location within the historic old town of Hastings, which is becoming even more popular with cafes, galleries and boutique shops.”
