Regenerating Canvey Island Town Centre. Adrian Peachey.

We advised Castlepoint Borough Council on the purchase of a 75,000 sq ft shopping centre on a freehold 7 acre site in  Canvey Island town centre for £11 million (£1.50 million per acre). The scheme is anchored by the main food store on the island occupied by J Sainsbury (45,000 sq ft)  for a further 14 years.

The property occupies a large, level, site which also provides 300 visitor car parking spaces. It is surrounded by the town centre ring road and principal shopping thoroughfare and therefore occupies a most strategic location in the heart of the town centre comprising the largest and most critical site for Castlepoint’s seafront and town centre regeneration plans

This is the first asset that will form part of a town centre strategic acquisition plan that Montagu Evans are helping to deliver and will include  the creation of a new town square, as well as a mix of residential, health, hotel retail and food and beverage uses complementing the food store and new street market.