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Parking for sale

West Avenue, Paisley PA1 2FB

Under Offer £15,000

Property Description

Key features

  • Instant 20% Rental Return Rising To 24% In 2018
  • Fully Manned Car Park
  • Number Plate Recognition
  • Shuttle Bus To Airport 24 Hours A Day
  • Low Guide Price
  • Fantastic Investment Opportunity
  • 5 Minutes Drive To Glasgow Airport

Full description

2 X car parking spaces

Fantastic opportunity for an investor to purchase the remainder of the 175 year lease (signed April 2014) for two airport parking spaces (93 & 113) at Linwood Point, Paisley within a five minute's drive of Glasgow Airport. The spaces are currently sub leased to Park First Ltd until April 2020 with a current return of £4000 per year rising to £4800 per year from April 2018. This would provide the purchaser with a 20% yield at the current rate rising to 24% from April 2018. The car park benefits from state of the art 24/7 CCTV and security systems, stylish and comfortable waiting room, automatic number plate recognition and a regular shuttle bus to ensure a premium customer experience. This is a fantastic investment opportunity and interest is sure to be high at such an attractive price.

Instant 20% rental return rising to 24% in 2018
Fully manned car park
Number plate recognition
Shuttle bus to airport 24 hours a day
Low guide price
Fantastic investment opportunity
Five minutes drive to Glasgow Airport

Located at Lot 1, Linwood Point, Paisley the parking spaces are within a five minutes drive from Glasgow International airport. With over 20,000 people using the airport each day parking is in high demand.

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Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

× No tests have been made of services, equipment or fittings.
× No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
× All measurements, distances and acres are approximate.
× Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database, and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission.

Auction House Scotland is revolutionising the sale of property in Scotland. Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee, to a maximum of £2000 including VAT.  More details can be obtained on application.

Listing History

Added on Rightmove:
03 November 2016

Map & Street View

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