42 Broadway
Leigh-On-Sea
Essex
SS9 1AJ
Station Road, Westcliff-On-Sea
Offers In Excess Of £700,000
9 Bedroom Commercial
- Superb development site in highly sought after & convenient location.
- Planning permission for 6 luxury self contained apartments.
- Approximately 5,000 sq ft perfect for conversion.
- Expected gross development value in the region of £1,350,000.
- Alternatively annual rental income in excess of £88,000.
- Directly opposite Westcliff on Sea mainline railway station.
- Close to Westcliff seafront & Hamlet Court Road shopping facilities.
- Handsome Victorian property, potential for landmark development.
- Excellent profit potential or long term investment income.
- Can only be fully appreciated with an early internal inspection.
Scott & Stapleton are privileged with instructions to offer for sale this exciting development opportunity to convert this substantial property in to 6 luxury self contained apartment.
The property is approx. 5,000 sq ft and is located in a highly convenient location directly opposite Westcliff mainline railway station within easy access of westcliff seafront & Hamlet Court Road shopping facilities.
The property benefits from planning permission for the conversion with an expected gross development value (GDV) in the region or £1,350,000 or a rental yield of approx. £88,000 per annum.
This is a great opportunity to get stuck straight in to a conversion with realistic sales potential or excellent long term rental yields. An early internal inspection is strongly advised.
Flat 1
111.7 sq m, 2 bedroom ground floor flat - £275,000 - £1,500 pcm
Flat 2
70.48 sq m 1 bedroom ground floor flat - £200,000 - £1,100 pcm
Flat 3
58.63 sq m - 1 bedroom ground floor flat - £180,000 - £1,000 pcm
Flat 4
61 sq m 2 bedroom first floor flat - £250,000 - £1,350 pcm
Flat 5
43.1 sq m 1 bedroom first floor flat - £180,000 - £1,000 pcm
Flat 6
86 sq m 2 bedroom first & second floor maisonette - £250,000 - £1,400 pcm
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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