The Saviors of High Street: development near the shops for retirees

The High Streets need all the help they can get. The Mail campaigned to save them, and Philip Hammond gave a budget boost with tax cuts for small shops.

But help could also be at the doorstep of retired people, who prefer butchers and bakers to home deliveries from supermarkets.

"We know that our owners enjoy a mixture of shops, cafes and services close by and also appreciate the social interaction that comes from this type of shopping, compared to bigger stores outside the city," says Spencer McCarthy, president by Churchill Retirement Living, which builds schemes a short distance from urban centers.

Full of life: Lichfield's High Street is within walking distance of McCarthy & Stone's Scott Place

"It goes without saying that the struggling High Streeds need regular spending to keep them alive," he adds.

Research by the Henley Business School found that 80 percent of people living in social security institutions work every day, and 40 percent use daily services such as libraries and post offices.

Nigel Sibley, of LifeCare Residences who runs Battersea Place, London's first luxury resort to a single bus ride from Chelsea's King's Road, claims that the buying habits of older people and their interest in eating they will form the High Street.

Like many retirees, one of the reasons why former company director Ken Malin, aged 83, and his wife Dorothy moved from their home in Solihull to a McCarthy & Stone development apartment, Bilberry Place, was so that could be closer to the shops.

Ken says: "Moving to Bilberry Place has given Dorothy and me lots of freedom, so we always take a walk along the High Street together.

"Living so close to the city center is essential for us. Once you are over 80, it is important that you live in a comfortable position, so when you are not able to drive you do not feel isolated. "

McCarthy & Stone has several projects near the city centers. There are properties for sale at Scott Place near the bustling center of Lichfield, Staffordshire, with one-bedroom homes of £ 195,000.

At Keatley Place, just a short walk from the pretty town of Moreton-in-Marsh in Gloucestershire, there are one-bedroom apartments of £ 222,500, and in the Yorkshire market town of Settle there are 22 houses at the Wicket with two-bedroom houses bed valued at £ 309,999.

"Our customers are generally without a mortgage and, thanks to their spending power, they could lead to a much needed renaissance of High Street," says Gary Day, of McCarthy & Stone.

Audley Villages is building its first retirement community in the heart of Clapham, in the south of London.

Due to completion in 2020, a mix of one- and two-bedroom homes sell from £ 665,000.

"The days are over when getting old means moving to the country and slowing down," says Audley's managing director, Nick Sanderson. "More people want the liveliness of the city with restaurants, cafes, boutiques and theaters a few steps from home.

Neil MacKichan, of the Retiremove property website, states: "It is a misconception that seniors visit only corner stores or boutiques.

"Their spending power can lead to large purchases in larger stores, which is why local authorities should consider the benefits of retirement pensions in the neighborhood in the planning process."

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