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Garage & parking, East Hampshire, GU34

Car Park, Bakers Alley, High Street, Alton, Hampshire, GU34 1BD

A freehold town centre car park comprising approximately 21 parking spaces. Two spaces currently generate £3,000 per annum under licence agreements, and three spaces are allocated to two existing commercial tenants. Letting the remaining 16 spaces at £1,500 per annum each would bring the total potential annual rental income to £27,000. ANPR parking management is currently in operation. The existing agreement allows the seller to terminate on completion of a sale, giving purchasers flexibility over future management arrangements. A purchaser wishing to retain the ANPR system and management service may negotiate a separate agreement with the parking-management company. The existing layout may offer scope for reconfiguration, including removal or reconfiguration of the yellow-box area, potentially creating additional parking spaces beyond the current approximately 21-space layout. Purchasers should satisfy themselves as to parking capacity, layout and all necessary consents. The property also presents potential for individual space sales and residential development comprising multiple dwellings, subject to existing rights and obtaining the necessary consents. A freehold town centre car park. An approx. 21 car parking spaces. 2 of the spaces have been let out on licences at £1,500 per annum (Total £3,000 P.a.). 3 of the spaces have been allocated to two of the commercial tenants. Total of 16 car parking space vacant. ERV of £27,000 p.a. if all vacant spaces are let out at £1,500