While his expertise lies primarily in Digital Advertisement & Content Strategy, he has in-depth knowledge of Digital Analytics & Social Media Listening tools. You’ll benefit from our unrivalled combination of operational excellence, asset investment and a commitment to customer care, backed up by our strong covenant. As such, they may still appeal to … Hong Kong car parks: a good investment? Car parks can be a good place to start, offering the investor a middle-ground opportunity that falls somewhere between a fully fledged trading property and a traditional property investment. A car coming off lease is typically in very good condition and doesn't have many miles on it. They promised a guaranteed 8% rental return for 2 years. Could investing in a car parking space be the opportunity you’ve been looking for? Investors purchase a block of property in a car park – called “car park spaces.” The investor then leases the space out to a tenant for a specified period of time. Airport car parks offer an exceptional return-on-investment, with a large number of airports having reported substantial growth over recent years. The returns consist of both regular income (rental income) and potential capital growth. As it seems likley inflation will be with us sometime soon, they are probably quite good. Parking a car in the garage seems to be a thing of the past. The tenant is almost always a property management company of some kind. Because of this, not all SIPPs accept them for investment purposes. Fees can include strata levies and council rates. Although your car is an expensive purchase, this does not mean it is an investment. We know we feel better for it and research from Japan goes to show that good neighbourhood green spaces promote longer life expectancy for local people. These investments are being pitched as a low entry level way of investing in commercial property and are marketed as ‘tax efficient’ and ‘purchasable through SIPPs’. I just got the paperwork with details about their buy-back scheme. Loves to talk about People, Politics, Books, Cooking, Mountains, Technology, Sports. But with car spaces it's not just the city and street address that determine the price and demand. 118%. Home Is park first’s car park investment a scam or a legitimate investment? The holy grail for investors is a guaranteed investment return that beats inflation. Latest Stock Picks Investing Basics Premium Services. She rents trailer pad spots for about $325 a month. If your plan is to buy an investment-grade vehicle that you don’t plan to drive but will instead park in a temperature-controlled garage, waiting for demand to push the price up, do your research carefully on what car you buy. It’s essentially an unregulated investment. It is up to you to decide whether or not the pros outweigh the cons and if you would be happy living in one of these residential environments. UK Property Experts. …, Did you know that a commuter in Delhi spends over 80 hours every year …, Get My Parking is pleased to announce its well-received participation …, It is with great pleasure that we invite you to our stall (Booth …, In a world of ever-evolving technology, science is helping us …, WRI India presented ‘A Policy Dialogue for Future Mobility in …, According to the latest figures, there over 1 crore registered …, It is no secret that the quality of urban life in India compares …, As if maneuvering your way through the harrowing city traffic was not …, Thursday, 16 August, Bangalore Highlight: Size: 450 m²: Property Type: Parking / Car Space: Price: Offers Invited: Address: 71 Lawrence Drive Nerang QLD 4211. So car parks are affordable for those wanting to get on the first rung of the property investing ladder, but do they stack up as good investments? The investment works because parking space in certain areas in the UK is very limited. There are both good and bad factors that go along with park home ownership. The thing is an investment property without a car park, or one not close to transport links, could stall your overall return. Investing in the Finer Things in Life: Wine, 4 Billionaires That Are Buying Gold (And Why You Should Too), How the US Elections may impact the price of Gold. Investors need to do their due diligence prior to investing in them too. So, do car parking spaces make for a good investment? Over 8 Years’ Industry Experience. Hands-Off, Perfect for the Overseas Investor. Although the returns aren’t dramatic, carparks are an almost passive investment and their value has increased significantly over the past five years. The car park is the first building many visitors to a venue or a town/city centre come into contact with and first impressions count! There are many advantages attached to investing in airport car parks. Protecting your significant investment in your car or truck is just one of many reasons garage parking should be considered essential. Lynn Strongin Dodds reports. He comes from a creative marketing and rich media space. 5 Investment Trends to Profit From a Post-Coronavirus World A look at some investment themes relevant in the post-COVID-19 world. As with most real estate, it all comes down to location. We work closely with property developers to identify the right opportunity and ensure a … Turns out after 2 years they offer to buy the parking space back from you for £21,840. Garages are used for a lot of other things like storing junk or home workshops, but parking in the garage is one of the best things for a vehicle. good quality parks. has anyone invested in the car park investments with Park First? Before you step into the world of car parks investment, it is essential you take the risks involved into account. For example, a car park in Dubai may advertise to UK residents, and if you choose to invest, you have no way of knowing whether the car park actually exists unless you’re willing to visit Dubai and check it out for yourself. Parking spaces are an interesting type of real estate investment. Investment car parks can be within a commercial building where long term leases are usually in place or they can be in public car parks on a pay and display basis. Thousands of British savers are being conned out of millions of pounds in a wave of 'airport parking' investment scams designed to part them with their pension cash, The Mirror can reveal today. Investing in car park space is a more mainstream practice in other countries (e.g. You can invest in almost anything, from the more mainstream: shares, bonds, funds, government bonds (gilts) and the UK property market, to the more exotic, such as: farmland, vintage cars, wine, fledgling technology firms, and art. 2. …, Get My Parking adds new members to the family today. How Big is the IoT Industry in America? These technological developments will become popular but not at the hype they are … ... That figure alone is a game changer from a good investment, to a deal breaker. Stable investments offering high returns and good capital gains in a hands-off environment. Which Are The Best Alternative Investments To Make For Your Children? I bought a car park space at Gatwick airport in March 2016 for £25,000 with a company called Park first. For example, many cars from the 1950s and 1960s have had no price appreciation for a decade. What Do China & Russia Know About Gold & Should You Invest? Which are the 5 Top Performing Art Investment Funds in the World? Often major airports also sell their strata-titled car parks. Indian cities today face greater demand than the supply of parking spaces. All our car parks are managed by acknowledged and well-established management companies making this an excellent passive investment. Which Alternative Investments Offer a High Yield? CTRL + SPACE for auto-complete. They are low-maintenance, can be open 24-hours a day, can operate automatically and have low refurbishment costs. "Car parks can offer that to investors with a blend of long leases, steady income, and strong covenants." How Smart Parking Can Enhance the Quality of Urban Life in India, Get My Parking automates season parking pass management at 91Springboard Bangalore, Get My Parking Displays its Smart Parking Suite at Unlock Bengaluru 2018, The Evolving Role of Parking Enforcement Officers in Transportation, Get My Parking celebrates its 3rd Anniversary, Get My Parking Receives an Overwhelming Response at IPI Expo 2018 in Orlando, Florida, Highlights of the 4th Smart Cities India Expo 2018 – New Delhi, Get My Parking Partners with Europe’s Largest Parking Operator APCOA to Revolutionize Parking in 13 Countries, Visit us at IPI Conference & Expo-2018 in Orlando, Florida. Each year brings with it new learnings, new …, Get My Parking made its presence felt at the America’s largest …, Another year, another success. Plenty of people try to justify taking out a loan for a new sports car or luxury car by saying it's an investment, but that's not the right way to think about it. The car park investment must be used for commercial purposes only and the SIPP provider must approve of the inclusion. While certain rare collectable cars may increase in value over time, there are many costs that make it potentially a losing proposition. But then again, given the well-documented supply demand imbalances in the market, prices still look well supported with room for growth. How to keep customers coming back . Council profit from street meters and fines. So, the upshot of all this is that carparks can be a lousy investment, or if the building in question has a limited supply, perhaps they’re not such a bad one. The shortage in car parking space supply is attributable to a combination of factors. Supply and demand is the name of the game. This may seem hard to comprehend when a majority of parking spaces are free, but many daring investors are proving that car parking spaces can definitely be a viable investment, offering both capital gains and rental return! 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