A cinema site which has stood derelict in Tunbridge Wells for 20 years is set to be transformed into a retirement village.

The former ABC plot, in Mount Pleasant Road, has been acquired by Retirement Villages Group (RVG), owned by AXA IM Real Assets.

A release from the company says: "RVG will work with Tunbridge Wells Borough Council and the local community to bring forward a scheme that will deliver much-needed regeneration for this complicated site."

RVG wants to build an integrated retirement community on the 1.5 acre site, with between 150 and 180 apartments, a café, restaurant and wellness facilities available to residents and the public.

A similar scheme was in the works until this year when Elysian Residences pulled out of the plans.

The cinema closed in 2000 and since then the site has changed hands a number of times.

The latest proposals also include retail units fronting Mount Pleasant Road.

The developer says there will be an emphasis on creating buildings which reflect the strong local heritage, and the scheme will include ‘whole life net zero carbon’ commitment.

This means that RVG will not only account for the carbon created in the operation of the building,

but it will also deal with the carbon generated during the construction process.

A public consultation on the proposals will take place in 2022, with more details to be confirmed in the new year.

James Ahearne, development director at Retirement Villages Group said: “This site matches our vision for the future of retirement living which is centred on integrated community living close to town and city centres.

"We will be working closely with the council officers, members and the wider community to secure planning permission and start the work of turning an eyesore into a vibrant community hub.”