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!!