Property consultancy slots in arcade sale

The early 20th century building on the seafront in Hastings has been sold for redevelopment.
November 10, 2022
A former amusement arcade in Hastings old town has been sold for redevelopment.

Vail Williams acted for the freeholder over the 14,039 sq ft (1,304 sq m) property 39-41 George Street.

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.

Planning permission has now been sought for 20 apartments and ground floor commercial units on the site.

The proposal includes the demolition of the the entire building with a rebuild to the current 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.”

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.”