Manchester Airport's Signature Aviation Private Jet Facility Hits the Market for £10 Million
A premier private jet facility located at Manchester Airport, frequently utilized by Premier League footballers and high-profile celebrities, has been officially listed for sale by the global property consultancy Knight Frank. The asking price is set at approximately £10 million, presenting a significant investment opportunity in the aviation sector.
Exclusive Features and Operational Details
The Signature Aviation Private Jet Facility is uniquely positioned as the sole private jet hangar at Manchester Airport with direct access to the runway. This critical feature enables seamless operations, including baggage handling, immigration services, and luxury transfers for passengers. The facility manages an average of 10 flights per day, underscoring its vital role in the region's private aviation industry.
In addition to its runway access, the property offers comprehensive ground handling services, aircraft parking, and jet fuel management. Inside, the facility boasts two VIP lounges, a conference room, a crew lounge, and dedicated staff areas, catering to the needs of elite travelers and aviation professionals.
Property Specifications and Investment Potential
The hangar itself spans 33,755 square feet, accompanied by 20,667 square feet of adjoining land. It is currently leased to RSS Jet Centre Limited, a subsidiary of Signature Aviation, ensuring stable rental income. Knight Frank is inviting offers in excess of £9.5 million, which reflects a net initial yield of 6.0% based on the total rent received.
Owned by Columbia Threadneedle since its acquisition in 2020, the property is situated on the south side of Manchester Airport's freight and aviation zone. Its neighbors include major aviation companies such as Jet2, STS Aviation Services, Swissport Cargo Services, and Dnata, highlighting its strategic location within a bustling aviation hub.
Expert Insights on the Sale
Holly McLeman, a senior surveyor at Knight Frank in Manchester, emphasized the rarity of this investment opportunity. "The sale of this facility and an adjoining apron of land represents a rare investment opportunity to secure a property with airside access to one of the world's leading airports," she stated.
"The property is a critical component in the north's private aviation industry, and its unique offering underpins the value of the asset as well as the land it sits upon," McLeman added, reinforcing the facility's importance and investment appeal.
