Flat  For Sale  Glasgow Airport Parking   Glasgow  Renfrewshire  PA3  
£20,000
For Sale
TENURE: Leasehold
CONTACT DETAILS: 
Reference: Quote Houseladder - 3021

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Airport car parking provides higher yields than other traditional ‘buy-to-let’ investments. The scale of popularity and the rise of interest in car park investments are exemplified by the global market size, which is estimated by Colliers to be worth $12.6 billion.

WHAT IS THE CAPITAL COST?

The market valuation of one car parking space has a RICS valuation of £30,000.Investors are offered the property at a discounted rate, making the wholesale price only £20.000.

WHAT RENTAL INCOME CAN I EXPECT?

Parking space rental starts at £45 per week. The 6-year lease in place on your parking space has fixed upwards only rental reviews and break clauses for both parties every 2 years. This produces a guaranteed 8% yield on your investment within the first two years per annum, this then is predicted to rise to over 10% return in years 3&4 and then surpass 12% return in years 5&6

WHEN CAN I EXPECT RENTAL REVIEWS TO TAKE PLACE?

Rental reviews take place every 2 years.


IS THERE A SINGLE TITLE DEED?

Yes, as with all UK property purchases you will receive the ‘Title Deed’ registered in your name at Land Registry after completion.

I'M FROM OUTSIDE THE UK, CAN I STILL INVEST?

Yes, our investment is available worldwide.
These are for general guidance only. You are responsible to confirm accuracy by inspection.