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.

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).

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.

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%.

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.