Airport Car Park Upper Farburn Rd Lot | Terrain commercial | 2,02 ha | À vendre | 3 154 699 € | Dyce AB21 0AF

Prime new build surface car park providing a total of 648 spaces. Car park extended in 2023 to meet occupier demand Strategically located adjacent to Aberdeen International Airport and its 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).
Aberdeen is Scotland's third largest city with a population of approximately 220,000 and a regional catchment population of over 500,000. The city has long been established as the energy capital of Europe for over 40 years and benefits from two distinguished universities, seven major research institutes and world renowned food, fisheries and agricultural research establishments. Additional industries which are of growing importance include digital technology, life sciences and tourism.
Aberdeen has strong communication links with the rest of Scotland, the UK and Europe. The A90 trunk road links Aberdeen with the Scottish motorway network, making Edinburgh and Glasgow accessible in around 2 hours. Journey times in and around the city dramatically improved with the opening of the Aberdeen Western Peripheral Route (AWPR) in 2019.
The city also benefits from frequent rail services to major towns and cities throughout the UK. Aberdeen International Airport, which lies to the north west of the city, provides direct flights to the principal UK cities and popular European destinations. The airport also incorporates the world's largest commercial heliport to predominantly service the offshore energy industry.
The £420m expansion of Aberdeen South Harbour to accommodate larger, deep water vessels completed in 2023. This is expected to fast-track the diversification of the region's energy mix and has boosted tourism with frequent cruise ships docking in port.
The city and the surrounding region has long been regarded as one of Scotland's biggest success stories being a key engine of the Scottish and UK economies.
Whilst the oil and gas sector will remain an important industry for many years to come, the transition to renewable energy sources is now established in the region. The city is well placed to utilise its highly skilled workforce and extensively developed infrastructure to become a leading global player in the net zero transition drive for renewable energy production.
To support this, both private and public investment is being deployed into an array of projects that will assist in accelerating the development of green energy, including offshore wind, hydrogen and carbon capture and storage.
Established in 1934, Aberdeen International Airport celebrated its 90th anniversary in 2024. The airport is Scotland's third largest and currently handles flights to/from over 30 domestic and European destinations.
A substantial £20m refurbishment programme of the airport was completed in 2019 which increased the terminal size by 50% and additional upgrade works are undertaken annually with £2.6m invested in 2023.
Passenger numbers at the airport have been recovering post pandemic and rocketed by 12% to 2.3 million in 2023, with international traffic soaring by 24% and domestic users increasing by 9.3%.
The outlook for further expansion and new routes is very positive following the recent takeover of owners AGS Airports by AviAlliance, an established operator with existing airports in Germany, Greece and Puerto Rico. AviAlliance owners, Public Sector Pension Investment Board (PSP Investments), is one of Canada's largest pension providers. AviAlliance recently announced plans to invest £350m to upgrade Aberdeen, Glasgow and Southampton airports.
Aberdeen is the world's busiest heliport. The first offshore helicopter flight departed from Aberdeen Airport in 1967, the same year that oil was discovered in the North Sea. Now the airport is home to three helicopter terminals dedicated to North Sea operations. Helicopters account for around 39% of the airport movements, almost 40,000 every year.
ABZ Business Park is a major international commercial scheme adjacent to Aberdeen International Airport. Located in Dyce, the park is approximately six miles to the northwest of Aberdeen city centre in the heart of the north east's key commercial hub. The park has been developed to provide a mix of industrial, office and leisure buildings and has attracted several notable companies.
The car park is very prominently situated within the popular ABZ Business Park on the east side of International Gate at it's junction with International Avenue. Aberdeen International Airport terminal is approximately 500m from the car park and can be easily reached by foot via the car rental area and a covered walkway. The Crowne Plaza and Holiday Inn Express hotels are situated directly opposite the site to the west. Other surrounding hotels include Mariott Moxy, Premier Inn, Jurys Inn and the Mariott Courtyard.
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).
The approximate site boundaries are shown on the OS Map and the area extends to approximately 5.27 acres (2.13 hectares).
Planning consent for Phase 1 (Ref. 191456) was granted in May 2020 for: Formation of car parking with access barrier including change of use and associated works. In March 2023, planning consent for Phase 2 (Ref. 221436) was granted for: Extension of an existing car park with associated external lights and landscaping works. Details of the planning consents are available upon request.
The car park is leased on FRI terms to Airparks Services Limited from 14 July 2022 for a period of 21 years until 13 July 2043, subject to tenant break options at 14 July 2029 and 14 July 2036 upon giving 12 months' notice.
The passing rent is £227,630 pa and is subject to rent reviews on the 3rd, 7th, 10th, 14th and 17th anniversaries of the date of entry. The reviews are upwards only and linked to RPI, collared at 2% and capped at 4% annually compounded.
Airparks Services Limited is a long established company providing off-site airport car parking facilities. Incorporated in 1991, the company currently operates from 30 airport locations across the UK and has grown to be the leading off-site airport car park operator in the country.
Airparks operate across multiple locations, including Birmingham, London Luton, and Aberdeen with their Airparks Express site. They are also expanding into Europe, with a new, state-of-the-art facility at Munich Airport.