‘Rarely available’ town centre car park going to auction

A car park and land to the rear of Chiltern House, Oxford Road, Aylesbury is being sold by Network Auctions on 17th March with a guide price of £260,000-£280,000.

The 36-bay car park which is currently let to a housing association and a private individual produces a current annual income of £21,850.

Toby Limbrick, auctioneer, said, ‘This is a very exciting opportunity. A town centre car park is rarely available and the site, which is equivalent to 0.17 acres, produces a good rental income. It is surrounded by offices and residential flats and there is strong demand. We would expect any purchasers to also have an eye on the future with regards planning aspects with this site. This car park is a great auction lot which offers income plus the potential to add value.’

‘We always have strong interest in car parks for sale because unlike other residential or commercial investments they offer a lucrative stream of income and future development opportunities. Being located so centrally in such a sought-after area of Aylesbury should be attractive to many bidders.’

Car park and land to the rear of Chiltern House, Oxford Road, Aylesbury, Buckinghamshire, HP19 8FQ will be sold 17th March by Network Auctions. For more information: www.networkauctions.co.uk