Car Parking Spaces Manchester Airport, Manchester Airport, United Kingdom

Manchester Airport, Greater Manchester, England, United Kingdom

Property ID: 28031739

Summary Data

Price £25,000
Price Type For Sale
Plot Size
Building Size
Sector Commercial
Type
Tenure
Completion

Location Map

Property Description

Most large scale international airports are planning expansion between now and 2050.  Manchester airport is no exception with passenger numbers set to increase from 23million to 55million in this timescale.  Thus, the number of car parking spaces will need to increase by 240% during this period. This equates to a minimum annual increase of 11% per year.

Manchester Airport Facts

 From 23million to 55million passengers by 2050

3rd busiest airport in the UK

Since 2010 - 6% growth of passengers a year

Car park facilities need to double in the next 10 years

New £1billion supersized terminal opening 2022

£3billion expansion programme

New long haul routes to Asia East and USA

 The developer has purchased an operational car park with circa 700 car parking spaces. They are upgrading the car park by installing a state of the art fully automated car park facility and 24 hour security. The car park is 1 mile (3 minutes-drive) to Manchester airport and a regular shuttle will operate by an established operator (Skypark)

 Investment Highlights

 

Fully titled spaces at £25,000 each

999-year leasehold tenure

1 mile from Manchester Airport

8% Rental (paid in advance) years 1 and 2

Projected return of 11% years 3 and 4

Projected 12% return years 5 and 6

Developer buyback option of 125% in year 10

Operated by Skypark

Phase 1 sold out in record time

Limited units available in phase 2!!