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Subject: Ocean Hotel disaster zone

Author:
bERNARD
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Date Posted: 08:58:24 07/14/08 Mon

I understand that work on the Ocean Hotel redevelopment has pretty much ground to a halt. It seems as though with the slowdown in the market they are struggling to find anyone willing to part with Ł200K + for a 1 bedroom flat and anything upto Ł550K + for a 3 bedroom flat.

Now that the slowdown has well and truly hit, and the positive equity bubble that everyone lived in for so long has burst - although 99% of people are no worse off as we are still in our homes, what has been brought home however is the absolute ludicrous prices people were expected to pay for redeveloped/new properties. Ł550K ++ extra for a parking space for a 3 bed flat in Saltdean and trying to flog 270 of these !!!! as usual developers and investors were living in a greedy fools paradise which we now all have to pay the price for.

The question is now, how long will it be before the flats are finished and we no longer have the current eyesore of concrete skeletons.

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[> Subject: Re: Ocean Hotel disaster zone

Author:
D. Tatched.
[Edit]
Date Posted: 12:03:13 07/15/08 Tue

Yes I had noticed.

The worse thing that could happen now is that the developer eventually panics, and the whole lot gets sold on the qt to B&H council as 'affordable housing'

- we all know what that really means...

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[> Subject: Re: Ocean Hotel disaster zone

Author:
Beck
[Edit]
Date Posted: 05:00:04 07/16/08 Wed

I saw them working on it the other day. Does anyone know how many units/flats they have actually sold? I heard it was only 9! If thats true, its very worrying.

>I understand that work on the Ocean Hotel
>redevelopment has pretty much ground to a halt. It
>seems as though with the slowdown in the market they
>are struggling to find anyone willing to part with
>Ł200K + for a 1 bedroom flat and anything upto Ł550K +
>for a 3 bedroom flat.
>
>Now that the slowdown has well and truly hit, and the
>positive equity bubble that everyone lived in for so
>long has burst - although 99% of people are no worse
>off as we are still in our homes, what has been
>brought home however is the absolute ludicrous prices
>people were expected to pay for redeveloped/new
>properties. Ł550K ++ extra for a parking space for a 3
>bed flat in Saltdean and trying to flog 270 of these
>!!!! as usual developers and investors were living in
>a greedy fools paradise which we now all have to pay
>the price for.
>
>The question is now, how long will it be before the
>flats are finished and we no longer have the current
>eyesore of concrete skeletons.

[ Post a Reply to This Message ]

[> [> Subject: Re: Ocean Hotel disaster zone

Author:
Godfrey
[Edit]
Date Posted: 06:32:50 07/16/08 Wed

If they sold it to B&H council for affordable housing they would have to move local and council boundaries and redesignate the entire block as East Saltdean/Peacehaven.

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[> [> [> Subject: Re: Ocean Hotel disaster zone

Author:
D. Tatched.
[Edit]
Date Posted: 08:41:02 07/16/08 Wed

The boundry between B&H council and Lewes DC goes right up the middle of Longridge Avenue, so the entire Ocean Hotel site very definately falls on the Brighton side.

B&H Council have also come to deals on surplus or unwanted housing before - they have track record in this.

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[> Subject: Re: Ocean Hotel disaster zone

Author:
pedro
[Edit]
Date Posted: 05:16:47 07/22/08 Tue

I went past on friday and they were working on the site, granted the exterior construction has slowed down but the majority of the big work is complete. It'll also be a much smaller workforce of specialised contractors that'll complete the job in stages now - electric, plumbering, windows, drywall, plaster, flooring, decorators etc.

I think any suggestion that B&H council will purchase the unfinished site for housing is misguided at this stage.

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[> Subject: Re: Ocean Hotel disaster zone

Author:
Cleo
[Edit]
Date Posted: 05:16:09 07/25/08 Fri

Yes, we do know what it means. It means that Saltdean will become full of dole-bludging waste of space low-lifes that can't be bothered to work for a living and will go round drinking, taking drugs, stealing, pushing their prams up the street in their slippers with arm loads of kids hanging off them, who in turn will grow up to be exactly the same. And so on it goes. Saltdean isn't like that at the moment. I hope it stays that way.

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>I understand that work on the Ocean Hotel >redevelopment has pretty much ground to a halt. It >seems as though with the slowdown in the market they >are struggling to find anyone willing to part with >Ł200K + for a 1 bedroom flat and anything upto Ł550K + >for a 3 bedroom flat. > >Now that the slowdown has well and truly hit, and the >positive equity bubble that everyone lived in for so >long has burst - although 99% of people are no worse >off as we are still in our homes, what has been >brought home however is the absolute ludicrous prices >people were expected to pay for redeveloped/new >properties. Ł550K ++ extra for a parking space for a 3 >bed flat in Saltdean and trying to flog 270 of these >!!!! as usual developers and investors were living in >a greedy fools paradise which we now all have to pay >the price for. > >The question is now, how long will it be before the >flats are finished and we no longer have the current >eyesore of concrete skeletons.

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[> Subject: Re: Ocean Hotel disaster zone
Author: D. Tatched. [Edit]	Date Posted: 12:03:13 07/15/08 Tue Yes I had noticed. The worse thing that could happen now is that the developer eventually panics, and the whole lot gets sold on the qt to B&H council as 'affordable housing' - we all know what that really means... [ Post a Reply to This Message ]

[> [> Subject: Re: Ocean Hotel disaster zone
Author: Godfrey [Edit]	Date Posted: 06:32:50 07/16/08 Wed If they sold it to B&H council for affordable housing they would have to move local and council boundaries and redesignate the entire block as East Saltdean/Peacehaven. [ Post a Reply to This Message ]

[> [> [> Subject: Re: Ocean Hotel disaster zone
Author: D. Tatched. [Edit]	Date Posted: 08:41:02 07/16/08 Wed The boundry between B&H council and Lewes DC goes right up the middle of Longridge Avenue, so the entire Ocean Hotel site very definately falls on the Brighton side. B&H Council have also come to deals on surplus or unwanted housing before - they have track record in this. [ Post a Reply to This Message ]