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Nightingale Walk, Hemel Hempstead... Land for sale
Nightingale Walk, Hemel Hempstead, Hertfordshire, HP2
£425,000
Nightingale Walk, Hemel Hempstead, Hertfordshire, HP2
£425,000
Our Summary
- Freehold 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 leaseholdGuide Price : £600,000An excellent opportunity for a developer or investor
- Planning permission granted for twelve apartments
Description
This is a unique opportunity to acquire a freehold airspace with planning permission for the development of 12 one-bedroom apartments in Hemel Hempstead, Hertfordshire. The lease includes 12 long leasehold interests, each with a demised parking space, and a total gross internal area of approximately 6,456 square feet. The planning permission, granted by Dacorum Borough Council, allows for the construction of two additional storeys above the existing building, providing 12 new residential units. The guide price is £600,000, and the potential gross development value is estimated to be £2,760,000, with each completed unit valued at £230,000. The property is located in a highly desirable residential area with excellent transport links, including proximity to the M1, A1, and M25 motorways, as well as Luton, Stansted, and Heathrow airports.