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For Sale
Airport Car Park, ABZ Business Park, 3 International Gate, Dyce, Aberdeen, Scotland, AB21 0BE
Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £2,750,000

Size

5 Acres

Ref No

18473

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Property Highlights

  • Strategically located adjacent Aberdeen International Airport and it's three helicopter terminals
  • Aberdeen is one of the UK's most prosperous cities and centre of Europe's energy industry
  • Let to Airparks Services Limited
  • Very Low Risk Creditsafe Rating of 93A
  • Passing rent of £227,630 per annum equates to a low rental value of £351 per space
  • 17.9 years income to lease expiry, subject to TBOs
  • RPI linked reviews (2%-4% collar & cap annually compounded)
  • Site area 5.27 acres (2.13 hectares)
  • Heritable interest (Scottish equivalent of Freehold)

Overview

PRIME NEW BUILD SURFACE CAR PARK PROVIDING A TOTAL OF 648 SPACES, CAR PARK EXTENDED IN 2023 TO MEET OCCUPIER DEMAND

The property is an open surface car park surfaced predominantly in hardcore with the central roadways surfaced with heavy duty hardstanding. The car park was built in two phases in 2022 and 2023. Phase two was driven by high occupancy levels for the first phase which averaged 90% in the first six months of operation.

The car park provides a total of 648 spaces on a site area of approximately 5.27 acres (2.13 hectares).

Ken Shaw Image

Ken Shaw

Partner

Daniel Stalker Image

Daniel Stalker

Associate

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