The landlord of Wellington Way plans to knockdown and redevelop the Wellington Way shops. Business owners in Wellington Way are not being allowed to renew their leases into 2016.
The landlord wishes to redevelop Wellington Way to provide a mix commercial space and housing. One such design is available to view on the Ayre Chamerlain Gaunt (ACG) website. The design from ACG would give 2000m2 of retail space and 100+ new residential flats/houses.
Businesses at risk in Wellington Way include:
- The Post Office
- Waterlooville Sewing Center
- … as well as the other shops in this precinct
According to the redevelopment design from ACG, other shops in the main Waterlooville Precinct may be at risk, these include:
- … as well as the other shops between NatWest and Store Twenty One
Shops in Wellington Way are beginning to move their premises. ASAP Cat Rescue is in progress of moving from Wellington Way to The Boulevard.
Some shops will not be able to move from Wellington Way. Either the shop owners lack the money to secure and refurbish alternative premises, or the shops owner will chose to retire rather than start again.
So what can be done? Probably very little.
Some thoughts on possible scenarios,
- Buy the land from the landlord: At a guess, 5 to 10 million pounds will be required. This money would need to be found privately.
- Ask Havant Borough Council (HBC) to deny Planning Permission: If denied, the landlord would appeal, and if that appeal was upheld the landlord may just let the closed Wellington Way fall into disrepair.
- Ask the landlord to ask for extra time, an early exit, or lease reduction to fund a move of premises.
At this time, no planning permission has been submitted to redevelop the site, in the immediate future, the shops will remain open. Please continue to support them.
Last week we attended a meeting with local businesses and George Hollingbery MP to address this and other issues impacting Waterlooville Precinct. You can find the details of this meeting on our other website, The Waterlooville & Region Business Forum (all local businesses are invited to join, it is free).
The only certainty is that Waterlooville Precinct as we know it is coming to an end.