Summary - Chichester Road, Southend On Sea, SS1 SS1 2FD
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime investment opportunity in central Southend
- Freehold commercial property
- Existing plans submitted for an additional floor to create three self-contained apartments
- Current annual income of £15,000
- Ideal location with excellent local amenities and transport links
- Potential for alternative developments such as HMO
**Concerns:**
- Very high crime rate in the area
- Maintenance needed, especially in the back alley and parking areas
- The surrounding area is classified as deprived
Discover a unique investment opportunity in the heart of Southend, with this spacious freehold commercial property, boasting a generous 915 square feet. Already set for development, plans to add an additional floor have been submitted, providing the potential to create three self-contained apartments—perfect for meeting the growing demand for urban living. Currently generating an annual income of £15,000, this property is situated close to an array of amenities, including shops, eateries, and excellent transport links, ensuring high rental potential.
While the area does suffer from a high crime rate and maintenance needs are evident, the vibrant local community, characterized by its cosmopolitan student neighborhoods, offers significant upside. Additionally, with the possibility of converting the property into a House in Multiple Occupation (HMO), the investment avenues are extensive. Seize this prime opportunity to capitalize on a flourishing market that is bound to appeal to savvy investors!
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