118 High Street, Canvey Island, Essex, SS8 7SH

This offering presents a unique investment opportunity in the form of a freehold land parcel featuring four vacant commercial units situated along Canvey High Street, nestled between Florence Road and Oxford Road. The property is backed by granted planning permission for the development of three detached residential dwellings complete with garages. The four existing retail units, part of a bustling parade, are in need of significant refurbishment and currently have a potential combined annual rental income estimated at £15,000 once revitalized. Individual unit sizes include: Number 118/120 at 40.4 sq.m (434.8 sq. ft), Number 124 at 19.53 sq.m (210.2 sq.ft), and Number 132 at 30.9 sq.m (332.6 sq. ft). There is considerable scope to enhance these spaces to attract tenants, with projections suggesting an achievable rental income of £5,000 per annum for each shop post-renovation. This project could yield substantial returns for the astute investor willing to undertake necessary upgrades.