Prominent town-centre plot with strong redevelopment appeal for mixed use.
Approximately 0.96 acre site with c.30,835 sq ft total floor area
Guide price from £1.8m for a substantial former supermarket with clear redevelopment potential. Sitting on approximately 0.96 acres, the mid-terrace building provides over 30,800 sq ft across ground, first and second floors with extensive High Street frontage and vehicular access from Carnarvon Road.
The site suits a mixed-use commercial/residential scheme subject to planning: the property currently benefits from Class E(a) retail use, is elected for VAT and lies immediately adjacent to a 300-space council car park. Practical strengths include significant footprint, large service yard, separate staff parking and excellent mobile and broadband connectivity.
Buyers should note material constraints: the area is very deprived with very high local crime rates; the building dates from c.1930–49 and has an EPC rating of D. Heating is by electric storage heaters, walls are cavity with assumed no insulation, and the property attracts a high rateable value with substantial rates payable. Alternative uses may be possible but will require consent from Tendring District Council.
For investors or developers the site offers scale and a prominent town-centre position with parking and servicing already in place. Careful due diligence is recommended on planning options, refurbishment needs, energy upgrading and the commercial risks associated with the local market.
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