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Subject: Re: Ocean Hotel disaster zone

Author:
D. Tatched.
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Date Posted: 12:03:13 07/15/08 Tue
In reply to: bERNARD 's message, "Ocean Hotel disaster zone" on 08:58:24 07/14/08 Mon

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.

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[> [> 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: 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 ]