Joe Dell wrote:Interest on a loan at 3.1% would be sub £47,000. How many aircraft would you need to sell hangarage to in order to cover that?
And then there's the business rates of around £50K........payable even if you are not doing anything useful with it all. And don't forget insurance - have you seen the cost of hangarkeeper's these days?.........
I'm not sure those hangars are terribly useful to GA. They might have a use for other types of business; warehousing, indoor trampolining etc, but would be a bugger to heat.
I thought it might make a great fly-in community - build a couple of rows of "second homes" with hangars each side of the runway. They are doing it all over the place for people with watery hobbies so why not flyers? Can't see the local authority going for it and the waiting/arguing period of planning and building would probably bankrupt the operation before it got going.
Life's too short.
I intend to live forever.... so far, so good.