The search for genuine, income generating assets is one property investors are all too familiar with. Getting it right is the aspiration we all strive to achieve.
If you were able to find a commercial property investment paying a minimum and consistent 8% per year and based on you having ownership of a hard asset, would that excite you?
That is the basis of car park investments. The rationale behind the idea is that as the number of cars in the UK increases, demand for parking spaces will correlate. However, as there is only a finite amount of space in urban areas for car parks, demand is most certainly expected to continue outstripping supply.
As with all investing, the location of any property or commercial investment is an important variable. It is no use having an asset that few want to use; in this case, the parking is located at an airport, so there is no issue of demand. Indeed, the 4,500 parking spaces currently under management at Glasgow International Airport achieved a staggering 92% occupancy rate during 2014. There were several months of the year where the actual gates of the car park had to be locked, as there was no more space available for parking.
As any traveller knows, airport parking is expensive. Flying gets cheaper every year but airport parking certainly does not: this is mostly because of the shortage of supply in the face of a consistent and growing demand.
What makes a car park investment at Glasgow airport even more interesting is that you can invest from just £20,000, making it affordable and accessible to the majority of those seeking guaranteed returns.
With investor returns coming directly from the income generated by the customer base parking in the car parks, it is a straight forward investment that provides consistent, guaranteed payments without the investor dealing with the hassle of finding or servicing tenants.
One provider of these commercial property deals is Park First Ltd (part of the Group First global group of companies). With them now having completed six car parks at Glasgow Airport and with future opportunities at Birmingham, Luton, Manchester and Gatwick airports, Park First are a company who are very much looking to the future.
Further information can be requested from FJP Investment .