Leicester Avenue, Rochford, Essex, SS4

** Exciting opportunity for Investors & Developers **

Freehold investment, conversion, and redevelopment opportunity located in Rochford.
The property is arranged to provide ground floor commercial takeaway business, currently with tenants in situ with a yield of ?1,000 PCM to raise to ?1,100 PCM in August.

Above the commercial business there is a 2 bed maisonette, a large lounge with a big bay window, a single room that is currently being used as a walk-in closet, a large double bedroom, a large kitchen, and a bathroom directly off the kitchen. The next level is currently being used as a study or can be used as another bedroom. There is potential to extend this top floor to create a studio flat.
This property is currently let to tenants with a passing rent of ?950 PCM

Behind this maisonette is another 2 bed flat, of a very high standard, large lounge, galley kitchen, main bathroom, with 2 bedrooms leading off the kitchen area. The master bedroom has an ensuite bathroom, all finished to a very high specification, light, bright, airy and neutral decor.
This property also has tenants in situ with a yield of ?1,200 PCM

2 garages under the properties, electric doors, and storage. Rental at ?200pcm each.

The total rental income comes to ?3550 PCM and will increase to ?3650 PCM in August.

Subject to the necessary consents and approvals, the property is considered suitable for future conversion or redevelopment.

This accommodation has the potential of an 18-bed HMO, multiple flats, and air bnb. Within close proximity to London Southend Airport and transport links, including National Rail service in to London Liverpool St.

The property is situated in Rochford, opposite London Southend Airport, the airport retail park, and local amenities.