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Price History
Our Summary
- Planning permission granted for twelve apartments
- Massive price REDUCTIONFreehold airspace with planning approval
- A fantastic opportunity to acquire this airspace lease with planning permission for twelve apartments in the desirable Hertfordshire location of Hemel Hempstead
- Planning reference: Dacorum Borough Council 24/00588/dpa Dated 3rd of May 2024 (Construction of two additional storeys of new dwellinghouses above 1-12 and 26-31 Nightingale Walk to provide 12 new residential units (Class C3)) The Gross Internal Area of approx
- Tenure : Long leasehold Guide Price : £600,000 An excellent opportunity for a developer or investor
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Description
This is a rare opportunity to acquire a freehold airspace with planning permission for 12 apartments in Hemel Hempstead, Hertfordshire. The lease includes 12 long leasehold interests, each with a demised parking space, and planning permission was granted by Dacorum Borough Council in May 2024. The development will have a gross internal area of approximately 6,456 sq ft and a total GDV of £2,760,000, with each completed unit valued at £230,000.
The vendor is seeking a guide price of £600,000 and the property is suitable for a developer or investor. The location offers excellent transport links, with the M1, A1, and M25 motorways within a 5-minute drive, and nearby airports including Luton, Stanstead, and Heathrow. Viewings are strictly by appointment only.