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Airport parking space bringing annual rent of £2,000 up for auction

A single parking space next to London Gatwick Airport bringing in annual rent of £2,000 will appear at the next SDL Auctions North West auction in Manchester on 12 October.

Car park space G41 is based within a secure, airport-approved car park on Bonnetts Lane in Ifield, near Crawley, a largely rural area close to Junction 9 of the M23 Motorway, about one mile west of Gatwick.

The leasehold parking space would bring a rental return of well over 10 per cent, based on the *guide price of £15,000 to £18,000+, or could be an efficient purchase for an individual or company making regular flights from Gatwick.

Andy Thompson, senior valuer at SDL Auctions North West, said: “This is a rare and fantastic opportunity for immediate investment with the future potential for private use.

“The parking space is currently sub-let for a term of two years expiring in November 2017 producing a rental income of £2,000 per annum, and there are approximately 174 years remaining on the lease.”

SDL Auctions North West is now inviting other property owners to sell in its next auction after achieving an 80 per cent success rate at its Manchester auction earlier this summer.

The last auction, at the AJ Bell Stadium in July, saw 20 lots sell under the hammer, raising £1.3m.

Mr Thompson added: “We’re quickly becoming a leading auction business in Manchester, and I would strongly advise other owners wanting to sell to enter their property for what will be another exciting auction day on 12 October.”

The wide-range of interesting lots due to come under the hammer at the Manchester auction include:

  • A one bedroomed terraced bungalow by the seaside at 14 Cheviot Avenue in Thornton-Cleveleys, near Blackpool, with a guide price of just £40,000+.
  • A one-bedroomed flat at 92 Baguley Crescent in Middleton, Manchester, already let out for £4,320 per annum and with a guide price of £36,000+.
  • Two warehouse units at 23-24 Woodend Avenue in Speke, near Jaguar Land Rover’s Halewood plant in Liverpool, with a guide price of £140,000+.
  • A one bedroomed flat at 50 Eden Street in Bolton, with a guide price of £50,000+.
  • A two-bedroomed end-of-terrace house at 121a Knowles Street in Radcliffe, currently producing rental income of circa £4,680 per annum, with a guide price of £60,000+.
  • A two-bedroomed flat at 65a Studfold in Chorley, with a guide price of 60,000 to 70,000+.

Any owners looking to sell their properties in the Thursday 12 October auction at the AJ Bell Stadium can request a free auction appraisal by calling SDL Auctions North West on 0161 774 7333, emailing northwest@sdlauctions.co.uk or visiting www.sdlauctions.co.uk.