Growth of Glasgow Airport Makes its off-Airport Car Parks a Solid Property Investment

Published on : Monday, June 20, 2016

download (1)As Glasgow Airport sets itself on course to exceed nine million passengers in 2016, the demand for car parking spaces for air travellers increases – and that’s great news for investors in off-airport car parking through Direct Airport Parking Investment.

 

Figures announced in April revealed that Glasgow Airport has enjoyed its busiest ever start to a year in 2016. In April alone almost 722,000 passengers travelled through its doors, an increase of 8.5% on the same period in 2015. This represents the fifth consecutive year of growth, in a year when Glasgow Airport will celebrate its 50th anniversary.

 

Over the last 18 months Glasgow Airport has added services to some of Europe’s major cities including Prague, Budapest, Milan and Bucharest. Both international and domestic traffic from Glasgow has grown, and long haul carriers have returned to the airport for the summer season.

 

Over the last 10 years more than £200 million has been invested in Glasgow Airport, and it is now the second busiest airport in Scotland with over 23,000 people using it every day. Current investment in the airport is in the region of £25 million. This will see the main departure lounge redeveloped and a number of new catering and retail outlets added this summer.

 

There are currently 2,700 spaces on off-airport car parks around Glasgow Airport. Yet the demand for car parking spaces by 2020, when passenger numbers are expected to top 10 million, is forecast to be around 17,900.

 

Park First owns and manages a total of seven car parks at Glasgow Airport. It is the company behind trusted industry names such as Direct Parking, Help Me Park, Cophall Parking, Park Safe, Park Fast, Swift Park and Park n Fly, operating successfully around Glasgow airport, as well as London Gatwick.

 

These brands all offer long stay car parking services for airport users, with a choice of Meet & Greet or Park & Ride services. Collectively they park tens of thousands of cars every year on their Park Mark approved car parks. They offer a stress free, round-the-clock service on secure car parks with the latest CCTV systems, meaning customers can leave their vehicles in the knowledge that they will be safe. Park First brands offer exceptional customer service along with decades of experience.

 

As an approved master agent for Park First, Direct Airport Parking Investment offers opportunities for private investors to invest in Park First managed car parks, purchasing individual car park spaces for an outlay as low as £20,000. It’s a tangible asset that will grow in value over time, earning them an ongoing income with double digit returns.

 

Stephen Smith at Director Airport Parking Investment, said:

“Airport car parking spaces are a low risk buy-to-let investment with none of the associated hassle of bricks and mortar property investments. They represent a solid commercial property investment, capable of producing high income returns and strong capital growth. Low cost investments of this calibre are in short supply and very high demand, and we’re pleased to be able to offer them to private investors on behalf of Park First.”

 

Investors in off-airport car parking through Direct Airport Parking Investment are assured of an 8% return in each of the first two years of their investment, rising to a predicted 10% in years three and four, and 12% in years five and six. In fact, year three investors are already enjoying returns of up to 10.8%, exceeding the predicted 10% and far outstripping returns on more traditional investments such as shares and ISAs.

 

Direct Airport Parking Investment offers all potential investors the opportunity to visit and experience for themselves the Park First service, at either Glasgow or London Gatwick airports. It’s also a key part of Direct Airport Parking Investment to meet with their potential investors face-to-face to answer any questions they may have.

 

Stephen Smith added:

“We take a very traditional approach to relationships with our investors and the personal touch is very important to us. Wherever in the world they may be, we will make every effort to meet with them prior to them investing and maintain contact after purchase.”

 

 

Source:- Glasgow Airport

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