502 Sutton Road, Southend-On-Sea, Essex SS2 5PN

This property represents an intriguing investment opportunity set within a well-established commercial area, located just 0.2 miles from Prittlewell Station. Comprising a ground floor fast food unit alongside a one-bedroom flat above, the building currently generates an annual rental income of £16,000, with potential to adjust rent upwards to around £22,000 per year as market rates evolve. There’s considerable scope for development, including the option to extend the property to the rear, pending planning permission. The ground floor space includes essential trade areas and kitchen facilities that require updates, while the upper flat offers a lounge, bedroom, and bathroom in need of modernisation. Benefitting from both a rear garden and parking space, this freehold property holds significant renovation potential for discerning buyers looking to enhance its value.