This is a rare opportunity to acquire a freehold airspace with planning permission for the construction of 12 one-bedroom apartments in Hemel Hempstead, Hertfordshire. The lease includes 12 long leasehold interests, each with a demised parking space, and planning reference 24/00588/DPA dated May 3, 2024. The Gross Internal Area of the development is approximately 6456sq. ft. (600m2), with a CIL liability of £105,000. The buyer will be required to make alterations to the current car park and adhere to all planning conditions. Martyn Gerrard's New Homes team estimates a GDV of £2,760,000 once the properties are completed, with a price per unit of £230,000. The property is located in a highly desirable residential area with excellent transport links and proximity to major airports. The guide price is £600,000, making it an excellent opportunity for developers or investors. Viewings are strictly by appointment only.