>
Land for sale
Hospital Car Park, Hilton Road, Hilton Road, Stoke-On-Trent, ST4 6RR
£1,000,000
Hospital Car Park, Hilton Road, Hilton Road, Stoke-On-Trent, ST4 6RR
£1,000,000
Our Summary
- Development potential (STP)
Description
This property is a car park investment located approximately 1.5 miles west of Stoke city centre, situated next to Harplands Hospital and the Royal Stoke University Hospital. The property extends to 1.73 acres and has around 250 marked parking spaces on a tarmac surface. The freehold property is let to two operators, producing a combined annual income of £189,583, with an operational agreement in place with Bank Parking for three years, generating £150,000 per annum. Additionally, the property receives a licence income of £3,298.61 per month from the North Staffordshire Combined Healthcare NHS Trust, making it an attractive investment opportunity for those seeking a stable income stream.