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16 bedroom property for sale
High Street, Southend-on-Sea SS1
£155,000
High Street, Southend-on-Sea SS1
£155,000
Our Summary
- This excellent Residential Development Opportunity, located within a prime location in Southend-on-Sea
- Mariner House, 157, Flat 15, High Street, Southend-on-sea SS1 1LL sold for £180,000*There is planning permission in place to build an additional 8, 2 bedroom apartments on to of the current building *RARE OPPORTUNITY* - 24/01540/FUL If developed, this could potentially achieve a GDV of £2,240,000 based on 8 apartments at £280,000 each based on local sales evidence
- The current owner has the freehold for the entire building and has obtained planning permission for an additional 8 flats to be built on top of the current building
- There is planning permission in place to build an additional 8, 2 bedroom apartments on to of the current building *RARE OPPORTUNITY* - 24/01540/FUL Priced for auction sale with fantastic sales evidence below: *Mariner House, 157, Flat 12, High Street, Southend-on-Sea SS1 1LL sold for £189,000
- Planning Reference Number - 24/01540/FUL The development is close to a whole host of local amenities, shopping centre, theme park, local schools, and restaurants
- *PRIME LOCATION*Property is due for our next timed online auction, and is priced for an auction sale
- To make a pre-auction offer, or register for the live auction, please contact the team to get set up
- This property is offered at a fantastic price to ensure an Auction sale
- There is planning permission in place to build an additional 8, 2 bedroom apartments on to of the current building *RARE OPPORTUNITY* - 24/01540/FUL
- There is planning permission in place to build an additional 8, 2 bedroom apartments on to of the current building *RARE OPPORTUNITY* - 24/01540/FUL
Description
This prime residential development opportunity in Southend-on-Sea offers a rare chance to build eight 2-bedroom apartments on top of the existing building, with planning permission already in place. The current owner holds the freehold and has obtained approval for the additional flats, which could potentially achieve a gross development value of £2,240,000 based on local sales evidence. The property is located in a prime spot, close to a range of amenities, including a shopping centre, theme park, schools, and restaurants. With a price to sell at auction, this development opportunity is open to early offers and is expected to attract significant interest from investors and developers.