The former HSBC bank in Ryde could be transformed into a block of 1-bedroom flats.
Jon Shears of RWS Developments has applied to the Isle of Wight Council for the conversion of 38 Union Street in Ryde.
The HSBC branch closed in August 2023 and was sold at auction in December last year.
A statement from Mr Shears’s agent, the SJC Town and Country Planning Consultancy, says:
“The conversion of redundant office space to the first, second and lower ground floor results increases vitality to the town centre by bringing people back into the town to live.
“The accommodation provides five one-bedroom units within a sustainable location, meeting the local and national sustainability objectives, making a valuable contribution to the housing needs of Islanders and given the proposed size, will likely be occupied by first time buyers.
“The commercial use will be retained on the ground floor with minor internal works.”
County Hall’s public consultation on application 25/00903/FUL finishes on 1st August and a decision has been scheduled for 27th August.
The ground floor should remain for retail purposes
and the other floors for residential purposes.
Imagine the whole of Union Stret being residential.