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Burnbrae Drive, Paisley, Elderslie, PA3 3BJ

not specified / Land / Mixed Use

Withdrawn - Last updated: 15 October 2019

We are instructed to seek offers in excess of £XXX (Fifty Thousand Pounds Sterling) exclusive of VAT for our client’s long leasehold interest subject to and with the benefit of the existing sub-lease. A purchase at this level would provide an attractive Net Initial Yield of 7.8% after allowing for purchaser’s costs of 2%. The subjects comprise two individual car parking spaces situated within a large surfaced car park operated by Park First Skyport Limited. The site serves as a long stay car park for passengers transiting through Glasgow Airport. Glasgow Airport enjoyed record passenger numbers in 2017 with 9.9 million passengers passing through, and uplift of 500,000 since 2016. These figures are anticipated to climb further as new long haul routes are secured.

Location

Skyport is located on the west side of Burnbrae Drive, within the Linwood Point industrial park which lies adjacent to the junction with the A737 which connects to the M8 motorway at junction 29. Linwood Point is located approximately three miles west of Paisley town centre and 11 miles from Glasgow city centre.

Terms

Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax(VAT).


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