6-7 Clifftown Rd
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6-7 Clifftown Rd
5,931 SF Retail Building Southend On Sea SS1 1AB $1,356,651 ($229/SF)
Investment Highlights
- Imposing Freehold Building
- Close to High Street & Southend Central Train Station
- Potential For 3 Additional units in roof space
- Four Floors of Accommodation
- Consented Scheme - 19 Student units
- Basement & Ground Level Commercial unit
Executive Summary
Imposing Freehold opportunity in the heart of Southend City Centre, directly opposite Southend Central Station and a short distance from the High Street. The property offers accommodation over basement, ground, first & second floor. Most recently the premises have operated as a bar and restaurant, but now has the benefit of a planning permission which would allow the upper parts to be converted to provide 19 student units, with the ground and basement levels being retained for commercial purposes. It is also understood that there is scope for an additional 3 units within the existing roof space. Projected Gross Income of approx. £230,000 p.a. for 22 unit scheme, plus approx. £45,000 p.a. for commercial space.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
5,931 SF
Building Class
B
Year Built
1950
Price
$1,356,651
Price Per SF
$229
Tenancy
Single
Building Height
4 Stories
Building FAR
2.54
Lot Size
0.05 AC
Frontage
29 FT on Clifftown Road
Amenities
- Signage
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Nearby Major Retailers
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6-7 Clifftown Rd
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