Parking/garage for sale in Waterhouse Street, Hemel Hempstead HP1

Guide Price = £25,000+

**For Sale By Public Auction 21st May 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

Nine Parking Spaces Situated on a Plot of Land Measuring Approximately 528 sq m (5,683 sq ft) Part Let Producing £4,160 Per Annum.

Tenure
Freehold

Location
The parking spaces are situated on a residential road close to local shops and amenities. The open spaces of Keens Field are within easy reach. Transport links are provided by Hemel Hempstead rail station.

Description
The property comprises nine parking spaces and a marked bin store area situated on a plot of land measuring approximately 528 sq m (5,683 sq ft).

Tenancy
Four of the nine parking spaces are let on individual licenses producing a combined rent of £4,160. Please refer to the legal pack for further information. The vendor has advised that when fully let the parking spaces can produce a rent of £9,360 which would reflect a gross initial yield of 37%.

Note
The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site. Some or all of the plot may comprise adopted highway land.

Open Site