This is a rare opportunity to acquire a freehold airspace in Hemel Hempstead, Hertfordshire, with planning permission for 12 apartments. The lease includes 12 long leasehold interests, each for a one-bedroom/two-person apartment, as well as a demised parking space for each unit. The apartments will have a total Gross Internal Area of approximately 6,456 square feet and a Guide Price of £600,000. The planning permission, granted by Dacorum Borough Council, allows for the construction of two additional storeys above existing dwellings, providing 12 new residential units. The development is expected to have a Gross Development Value of £2,760,000, with each completed unit valued at £230,000. Hemel Hempstead is a desirable residential area with excellent transport links and amenities, making this a prime opportunity for developers or investors. Viewings are strictly by appointment only.