Land for sale in Mcfarlane Street, Glasgow Airport PA3
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- Off street parking
- Glasgow Airport Car Park Investment
- Low entry level £25,000
- Assured net annual returns of 11%
- 175 Year Lease
- 10 Year buy back option
“Glasgow airport reported its busiest April in 2017 after more than 786,000 passengers travelled through its doors. The footfall represents an increase of 8.9% on the same period last year. The increase in international traffic ensured the airport was also able to record its 50th consecutive month of growth.”
Source: Glasgow Live
Airport Car Park Spaces are a high yield, low entry value investment opportunity that is exclusively offered to our investors.
• Glasgow is the largest economic powerhouse in Scotland, the world’s 14th richest country.
• Passenger numbers at Airport will grow threefold in next decadedemanding 28,000 new car park spaces.
• 10 year Airport Master Plan investment costing £300m –new runway, terminal & rail-link.
• Glasgow Airport delivering record breaking growth in 2016 and 2017.
• Existing airport car park acquired.
• Planning permission granted.
• Redevelopment investment of £1m to build a state-of-the-artfully automated car park facility.
• Operating Glasgow Airport passenger shuttle service –car park to terminals.
• 1 mile and 3 minutes drive to Airport.
• Full 24 hour Security System and CCTV.
• RICs valuation.
• Each car park space has hm Land Registry.
The current site is a fully operational car park that serves Glasgow Airport and has now been closed for refurbishment. Due to the great potential to develop this site into a state-of-the-art car park that maximises efficiency and customers.
This redevelopment which will take circa three months for completion. The site plan above demonstrates a size capacity of 1,000 spaces. Aston Darby will build a modern fully automated site with 950 spaces and hence maximise the efficiency for customer usage and enable optimum income (yield).
• Glasgow Airport Car Parks Spaces (cps)
• cps Income/Day (Mean) £11.67
• Occupancy Rate (Mean) 81.4%
• cps Income Per Year £3,150
• cps Valuation RICs £30,250
All investment is specifically assigned to a car park space. Each investor will be a director of the management company and will control the team to maximise the returns from their ownership of the car parking space. All profits will be paid direct and there will be no third party taking a share. For the first two years there will be a leaseback giving a guaranteed 11% yield and thereafter a projected yield of 11% and 12% in subsequent years.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Links Investment Property Network, and do not constitute property particulars. Please contact Links Investment Property Network for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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