Ravens, 6-7 Clifftown Road, Southend-on-Sea, Essex, SS1 1AB

FOR SALE BY PUBLIC AUCTION ON THURSDAY 25TH JULY AT 12 NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE.

FREEHOLD OPPORTUNITY: IN HEART OF SOUTHEND CITY CENTRE OFFERING FOUR FLOORS OF ACCOMMODATION AND DIRECTLY OPPOSITE SOUTHEND CENTRAL STATION
The property offers accommodation over basement, ground floor, first and second floor. Most recently the premises has operated as a bar and restaurant, but now has the benefit of a planning permission which would allow the upper parts to be converted to provide 19 student units, with the ground and basement levels being retained for commercial purposes.
It is understood that there is scope for an additional 3 units within the existing roof space and potential to switch to a HMO scheme (STP).
The consented scheme provides for the reconfiguration of the ground floor space to create a fully self-contained commercial unit at ground and basement levels, with ancillary amenity space. It is understood that once completed, the building will provide the following approx. Gross Internal (GIA) floor areas.
Basement 1,311 sq ft (121.87 sq m)
Ground 1,606 sq ft (149.27 sq m)
First Floor 2,038 sq ft (189 sq m)
Second Floor 976 sq ft (90 sq m)

Projected Gross Income of approximately £230,000 per annum for 22 unit scheme, plus approximately £45,000 per annum for commercial space.
On 29th September 2022 planning permission was obtained (Ref. 22/01097/FUL) for the erection of an additional floor, to part demolish and re-model the existing building and to change the use of the extended building from retail (Class E) to bar at basement and ground floor level and student accommodation units (Sui Generis) to first, second, third floors, each with their own facilities.
E