Sutton Road, Southend-On-Sea

£495,000 Available
rooms 1 bathroom 1 rooms 1
Rare and Exciting Investment Opportunity! Belle Vue are warmly welcoming these commercial and residential units onto the market with Freehold! Boasting a spacious commercial unit a with basement, a large storage unit with the potential for development, off street parking for three vehicles and two self-contained one bedroom first floor flats! Situated in a prime area of Southend, this development is located minutes from Southend City Centre, train stations and bus routes. Don't miss out on such an impressive opportunity!
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Local Area

Rare and Exciting Investment Opportunity! Belle Vue are warmly welcoming these commercial and residential units onto the market with Freehold! Boasting a spacious commercial unit a with basement, a large storage unit with the potential for development, off street parking for three vehicles and two self-contained one bedroom first floor flats! Situated in a prime area of Southend, this development is located minutes from Southend City Centre, train stations and bus routes. Don't miss out on such an impressive opportunity!

  • Large Commercial Unit
  • Basement
  • Large Storage Unit/Double Garage
  • Off Street Parking 3 Vehicles
  • Self Contained 1 Bed Flat to Front
  • Self Contained 1 Bed Flat to Rear
  • Freehold Included
  • Development Potential
  • No Chain
  • Viewing Strongly Advised

Storage Unit/Double Garage: 19' 2'' x 19' 4'' (5.84m x 5.89m)
Accessed via an up and over shutter door with a small court yard and kitchen area.

Off Street Parking:
Ample off street parking for 3 vehicles.

Communal Flat Entrance:
Communal entrance lobby with a staircase leading to the first floor with private doors leading to both self contained flats.

Flat One:
Lounge: 11ft 6in x 19ft 8in
Bedroom: 9ft 2in x 14ft 2in
Kitchen: 11 ft 5in x 7ft 2in
Bathroom: 5ft x 6ft 4in

Fist floor flat with double glazing, central heated and in good decorative order. 124 year lease with freehold included.

Flat Two:
Lounge: 11ft 4in x 17ft 6in
Kitchen: 11ft 6in x 5ft 6in
Bedroom: 11ft 4in x 11ft 6in
Bathroom: 5ft 2in x 8ft 10in

Fist floor flat with double glazing, central heated and in good decorative order. 124 year lease with freehold included.

Income:
The development is currently producing an income of £18,240pa with the commercial unit and rear flat let. The expected income would be in the region of £40,200pa with all the units rented at current markets rates, offering an approximately yield of 8% pa.

The property can be sold with vacant possession or with the tenants in situ at the buyers request.

Commercial Unit:
Shop Floor: 19ft 5in x 27ft 2in
Rear of Shop: 18ft x 23ft 6in
Basement: 22ft,7in x 16ft 8in
Other amenities include a W/C, fitted counter tops and sink.

*ALL MEASUREMENTS ARE APPROXIMATE*

Floor Plan
Floor Plan