Land for sale
Key information
Property description & features
- Commercial Land
- 5931 Approx Sq Ft
The building is located in a prominent position in Southend on Sea, just off the High Street in Clifftown Road and directly opposite Southend Central train station (Shoeburyness to London Fenchurch Street).
DESCRIPTION:
Imposing Freehold opportunity in the heart of Southend Town Centre, directly opposite Southend Central Station. The property offers accommodation over basement, ground, first & second floors. Most recently the premises have operated as a bar and restaurant, but now has the benefit of a planning permission which would allow the top two floors to be converted to provide 19 student units, with the ground and basement levels being retained for commercial purposes.
Rooms
Accomodation
The consented scheme provides for the re-configuration of the ground floor space to create a fully self-contained commercial unit at ground and basement levels, with ancillary amenity space. It is understood that, once completed, the building will provide the following approx. Gross Internal (GIA) floor areas:
Basement: 1,311 sq ft (121.87 sq ms)
Ground: 1,606 sq ft (149.27 sq ms)
First: 2,038 sq ft (189 sq ms)
Second: 976 sq ft (90 sq ms)
Features
Imposing Freehold Building
Four Floors of Accommodation
City Centre Location
Opposite Southend Central Train Station
Consented Scheme - 19 Student Units (Upper Floors)
Potential For 3 Additional Units in roof space
Basement & Ground Level Commercial Opportunity
Projected Gross Income of approx £230,000 p.a. for 22 unit scheme, plus approx. £45,000 p.a. for commercial space.
Redevelopment Opportunity
On 29th September 2022 our client obtained planning permission (Ref: 22/01097/FUL for the erection of an additional floor to existing building, to part demolish and re-model the existing building and to change the use of the extended building from retail (Class E) to bar at basement and ground floor level and Student Accommodation Units (Sui Generis) to first, second, third floors. Full details available on request.
Business Rates
The property appears on the 2023 rating list as ' Wine Bar & Premises' with an adopted rateable value of £20,750.
Terms
This freehold redevelopment opportunity is offered for freehold sale subject to an asking price of £1,500,000.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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