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Land for sale

£25,000 (£465/sq. ft) Fixed price

Mcfarlane Street, Glasgow Airport PA3

54 sq. ft*
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Property features

  • Glasgow Airport Car Park Investment
  • Prices from £25,000 with rental returns of £2750 per yr
  • Low maintenance costs
  • Site within 3 miles of the airport classicied as Onsite Parking

Property description

Prime Location 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. Aston Darby have been tasked with 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).


A powerful investment glasgow city & airport


• Glasgow is the largest economic powerhouse in Scotland, the world’s 14th richest country.
• Passenger numbers at Airport will grow threefold in next decade demanding 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.

“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


Investment in airport car park spaces


Airport Car Park Spaces are a high yield, low entry value investment opportunity that is exclusively offered to our investors.


A powerful investment glasgow city & airport


• 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.

Investment product


• 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.

Prime Location

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).


Performance statistics


• 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.


* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Links Investment Property Network, BB3 on +44 1254 789932 * (local rate)

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Disclaimer

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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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