East Street, Southend On Sea

Reed Residential is delighted to present this exceptional investment opportunity in the heart of Southend-on-Sea, Essex. This unique end-of-terrace property has been thoughtfully converted into three self-contained flats, offering a substantial rental income, with the added bonus of a versatile commercial plot to the rear.

The ground floor accommodation comprises Flat A, a charming one-bedroom residence featuring an open-plan kitchen and living area, complemented by a separate dining room. This well-appointed flat commands an achievable monthly rent of £1,000-£1,050.

Ascending to the first floor, you'll discover Flat B, another splendid one-bedroom abode. This flat boasts an open-plan kitchen and living space, with the bedroom leading onto a private patio a rare find that justifies its higher rental potential of £1,050-£1,100 per calendar month.

The crowning jewel of this conversion is Flat C, an impressive maisonette spanning the first and second floors. The lower level features an open-plan kitchen and living area, alongside a modern three-piece bathroom. The upper floor houses two generous double bedrooms, with the master bedroom offering access to its own private patio. This spacious maisonette can achieve a monthly rental income of £1,250-£1,300.

To the rear of the property lies a thriving commercial space, currently operating as a well-established tyre shop with a rich history dating back to 1925. This versatile area spans an impressive 130 square metres and comes with the added benefit of planning permission for conversion into a residential 3-bedroom chalet bungalow. The proposed dwelling would offer 89 square feet of living space, complemented by a 24 square metre rear garden and a 16 square metre front garden.

The entire property benefits from gas central heating throughout, ensuring year-round comfort for all occupants.

This property represents an outstanding opportunity for investors looking to diversify their portfolio or for those seeking a blend of residential and commercial interests. The potential for further development of the commercial plot adds another layer of appeal to this already attractive proposition.

Southend-on-Sea, a vibrant coastal town in Essex, offers a wealth of attractions and activities for residents and visitors alike. The town's crowning glory is undoubtedly its seafront, boasting the world's longest pleasure pier at 1.34 miles. A stroll along this iconic structure, or a ride on the charming railway that runs its length, is a must for any visitor.

The town centre is a shopper's paradise, with a mix of high street favourites and independent boutiques. The Royals Shopping Centre and Victoria Plaza offer a diverse range of retail options under one roof, while the High Street provides a more traditional shopping experience.

For culture enthusiasts, Southend boasts several museums and galleries. The Beecroft Art Gallery showcases an impressive collection of 20th-century British art, while the Central Museum offers fascinating insights into the town's rich history. The Southend Planetarium, housed within the museum, provides an immersive astronomical experience.

Thrill-seekers will delight in Adventure Island, a free-admission amusement park located on the seafront. With over 40 rides and attractions, it's the perfect spot for a family day out. For a more relaxed experience, the nearby Sea Life Adventure aquarium offers close encounters with a variety of marine life.

Southend's culinary scene is diverse and exciting, with numerous restaurants, cafes, and pubs catering to all tastes. From fresh seafood at the Oceanside to international cuisine in the town centre, there's something to satisfy every palate.

The town's cultural calendar is packed with events throughout the year, including the Southend Film Festival, Southend Carnival, and the lively Leigh Folk Festival. These events showcase the town's vibrant community spirit and provide entertainment for all ages.

For those seeking outdoor pursuits, Southend offers several beautiful parks and nature reserves. Priory Park, with its historic buildings and peaceful gardens, is perfect for a leisurely stroll, while Belfairs Wood, Park and Nature Reserve provides a haven for wildlife enthusiasts.

With its blend of seaside charm, cultural attractions, and urban amenities, Southend-on-Sea offers a unique lifestyle that appeals to a wide range of residents. This property, situated in such a desirable location, presents an unmissable opportunity for the discerning investor.

Council Tax
Southend-On-Sea Borough Council, Band A

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.