MIXED USE DEVELOPMENT SITE OIEO £800,000 FREEHOLD LOCATION: SOUTHEND-ON-SEA, ESSEX REF: D0155E

MIXED USE DEVELOPMENT SITE
PRICE: OIEO £800,000 FREEHOLD
LOCATION: SOUTHEND-ON-SEA, ESSEX
REF: D0155E

MIXED USE DEVELOPMENT SITE opportunity with PLANNING PERMISSION GRANTED for the construction of 8 RESIDENTIAL APARTMENTS & 2 COMMERCIAL UNITS, together with 8 CAR PARKING SPACES, occupying a PROMINENT POSITION ON SOUTHCHURCH ROAD in SOUTHEND-ON-SEA, ESSEX. The approved residential accommodation extends to approximately 538.2 M² (5,793 SQ. FT.) and provides a well-balanced mix comprising 2 x ONE-BEDROOM APARTMENTS, 5 x TWO-BEDROOM APARTMENTS AND 1 x THREE-BEDROOM APARTMENT. In addition, the approved scheme incorporates 2 COMMERCIAL UNITS extending to approximately 148 M² (1,593 SQ. FT.) in total. The development therefore provides an overall approved SALEABLE FLOOR AREA OF APPROXIMATELY 686.2 M² (7,386 SQ. FT.), together with 8 DEDICATED CAR PARKING SPACES. With the benefit of PLANNING PERMISSION ALREADY GRANTED, the property represents an exciting opportunity for a DEVELOPER, INVESTOR OR DEVELOPMENT COMPANY to acquire and progress a substantial mixed-use scheme within an established Southend-on-Sea location. The approved accommodation provides a combination of residential and commercial space, offering the potential for a diversified end development comprising both residential and commercial elements. The residential element provides a varied accommodation mix of 1, 2 AND 3-BEDROOM APARTMENTS, which should appeal to a broad range of prospective purchasers or tenants, whilst the commercial element provides additional flexibility and an opportunity to incorporate RETAIL, OFFICE, SERVICE OR OTHER APPROPRIATE COMMERCIAL USES, subject always to the terms of the planning permission and any necessary consents. The approved scheme also incorporates 8 CAR PARKING SPACES, an important benefit given the established urban nature of the surrounding area. The combination of residential accommodation, commercial space and dedicated parking provides a well-balanced development opportunity with multiple potential exit strategies, subject to the purchaser's intended development and disposal strategy. The site is being offered with the benefit of the existing planning permission and represents a RARE OPPORTUNITY TO ACQUIRE A SUBSTANTIAL MIXED-USE DEVELOPMENT OPPORTUNITY in an established Southend-on-Sea location.

Interested parties are advised to satisfy themselves fully in respect of the planning permission, approved drawings, planning conditions, proposed accommodation, measurements and all other development matters prior to proceeding. ESSEX AND SUFFOLK BUSINESS SALES are delighted to have been instructed on this PRIME DEVELOPMENT OPPORTUNITY and strongly recommend that serious, interested parties make EARLY ENQUIRIES.

PLANNING DOCUMENTATION, APPROVED PLANS AND ARCHITECTURAL DRAWINGS are available to genuinely interested parties upon request from SCOTT NICHOLSON MEEK.