Gatwick Airport parking space bringing annual rent of £2,000

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.