From
£50,000
Property for saleHigh Street, Alton GU34
About this property
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 p.a.
Split up potential in selling the car parking spaces off individually
Development potential for multiple dwellings (subject to the requisite consents)
Investment let at £3,000 p.a. (16 car parking spaces are vacant)
Auction Sale - 03/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A Town-centre freehold car park, with an approx. 21 spaces; with existing licence income. Potential to increase the passing income or potentially sell the spaces off individually. The space also offers development potential to add a number of dwellings (subject to the requisite consents).
Description
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.
Location
Alton is an attractive and affluent Hampshire market town situated approximately 17 miles south-west of Guildford and 30 miles north-east of Winchester. The property occupies a central position within the town centre, close to an extensive range of retail, leisure and hospitality amenities. Bakers Alley benefits from convenient access to the High Street and surrounding commercial areas, making the car park well positioned for both local occupiers and visitors.
Transport
Alton railway station is within walking distance and provides regular services to London Waterloo. The town also benefits from excellent road connections via the A31, giving access to Farnham, Winchester and the wider South East road network.
Tenancy
2 x Car parking spaces are let out on annual licences (Please refer to the legal pack)
Each space is let at £1,500 per space
Accommodation
21 car parking spaces and associated hard standing area
Mortgage calculator
£250 per month
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