Flat for sale in Sutton Road, Southend-On-Sea SS2

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!

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.

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.