Hayling Island: London Clancy advises sale of development site

Acting on behalf of R O’Dell Holdings, London Clancy has sold 36, 38, 40 Station Road and 1 West Lane, Hayling Island. The site and premises had a planning consent for a new development of 18 apartments ranging from one-bed to three-bed plus three retail units over a site area of circa 0.40 acres.

The price obtained was in line with the guide price of £1 million subject to contract and was sold to a private developer.

Jim London of London Clancy commented: “This shows the continuing strong interest from developers for the right type of product, including mixed schemes in suitable locations.”

R O’Dell (Holdings) has a long association with the local area having bought 36 & 38 Station Road in 1989 and ran a hardware and DIY store through its subsidiary Hayling Hardware until 1996 when that business relocated to Elm Grove.

R O’Dell Holdings is now a small family-owned property company that is keen to improve the locality by replacing the current substandard buildings with a quality development which the community could be proud of. We have put a considerable amount of time and effort into liaising with Havant Borough Council planning officers and incorporating their comments into our proposals which secured the grant of planning.

The site provides a new shop (which could be sub-divided into three smaller shops), 18 new flats, car parking and new public realm.

With the successful sale of the site R O’Dell Holdings intends to expand and develop a commercial scheme in the centre of Southampton.