Investing In UK Car Parks FAQ
What Is Capital Investment?
The current market value of one car parking space is £37,500 all car park spaces sold BMV (below market value), you pay £25,000 and receive an asset worth £37,500.
We believe international airport long-stay car parks spaces are the most cost effective parking facilities producing the highest yields on the market today.
Multiple parking spaces can be purchased on a single Land Registry title deed saving on solicitor and completion costs.
Am I able to sell at any time?
All of the car parking spaces are sold as a commercial property investment which means owners are free to sell they can also choose to let out or in fact, manage their spaces as they see fit.
Are the sites secure?
All of Park First’s car parks have the latest security alarms along with CCTV systems. Help Me Park operates a 24/7, 365 days a year service and has professional drivers on-site every day and night.
What rental income can I expect?
You will be paid a guaranteed rental of £65 per week which equates to a 8% yield on your investment each year for the first two years; this is then predicted to rise to over 10% in years three and four and break the 12% mark years five and six.
Will I receive a title deed?
Yes, as with all UK property purchases your space or spaces will be registered in your name at the UK Land Registry, and you will be issued with a title deed the following completion.
What are the costs if my parking space is vacant?
You will incur no management or service charge fees while your parking space is empty, the only cost after completion is the nominal annual ground rent.
When will the rental reviews take place?
Rental reviews are conducted every two years.