Why Invest In Airport Parking?
Park First - Airport Car Park Investing
Invest in long-term parking spaces with a low entry cost of a little as £20,000 and a guaranteed rental return of 8% net per anum in years 1 & 2 (16% combined) 10% in years 3 & 4 and 12% in years 5 & 6. Totally hand’s off, the spaces are leased back and managed by Park First, who have a 20-year history in the airport parking business.
Currently available for sale, parking spaces at the International airports of Glasgow and Gatwick, these investments are SIPPS and HMRC approved make them particularly attractive but not restricted to investors who are taking advantage of the relaxation of the pension laws and wish to look for the high yields that were traditionally found in the ‘buy to let’ market that has seen a drop in yields.
Investors will see a 25% growth in the asset from day one as all spaces have a written RIC’s valuation shows a 25% increase over and above the purchase price. With the total global parking space industry being worth over 12.5 billion and with land surrounding airport’s at a premium, values are set to increase further. Add to the mix a 2-year upward rent review making this investment very interesting indeed.
As the car parking spaces are sold as a private commercial property investment all owners are free to sell, let or manage their spaces as they see fit using any management company they wish as an entirely “hands-off” investment they are seen as the perfect means of diversifying your property portfolio.
Unlike many investment opportunities in on the market, Park First’s car parking spaces are not sold “off plan” but are fully operational working car parks. Security gates, 24 hour a day manned CCTV surveillance and state of the art booking system all in place we even have the customers in place with the newly announced partnership with help me
|Rental Income||1 Parking Space||2 Parking Space||3 Parking Space|
|Year 1 Rental Income at 8% P.A||£2,000 p.a||£4,000 p.a||£6,000 p.a|
|Year 2 Rental Income at 8% P.A||£2,000 p.a||£4,000 p.a||£6,000 p.a|
|Year 3 Rental Income at 10% P.A||£2,500 p.a||£5,000 p.a||£7,500 p.a|
|Year 4 Rental Income at 10% P.A||£2,500 p.a||£5,000 p.a||£7,500 p.a|
|Year 5 Rental Income at 12% P.A||£3,000 p.a||£6,000 p.a||£9,000 p.a|
|Year 6 Rental Income at 12% P.A||£3,000 p.a||£6,000 p.a||£9,000 p.a|
|Projected Capital Growth (RIC’s Val)||£6,250||£12,500||£18,750|
|Total Return (income + resale @ Yr6)||£46,250.00||£92,500.00||£138,750.00|
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