In these financially stretched times it’s important to make your money work as hard as you can. For a low risk, potentially massive return Network Auctions are offering for sale a car parking space with a guide price of £2000 plus.
Toby Limbrick, auctioneer, said, ‘This is a brilliant cheap-as-chips investment that offers huge yield potential. We estimate the rental on this parking bay to be a minimum of £900 per year.’
The parking space located at Byron Court, Flamstead End Road, Cheshunt, Waltham Cross is being sold by Order of the Trustees. It forms part of a modern apartment block and no service charges apply. The space is suitable for a car or van and is well situated with numerous residential and commercial properties nearby.
Limbrick said, ‘There is a long leasehold on this parking space with the 250-year lease starting in 2019 so plenty of time to recoup the initial investment!’
Network Auctions will sell the parking bay at Byron Court, Cheshunt in their online auction on Thursday 16th March. For more information www.networkauctions.co.uk