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Car Park Luton

Car Park Luton

Property in UK / Car Park Luton / Car Park Luton

Realty type:
Commercial Property

Price: £25,000

 

Never before have single parking spaces at London Luton
International Airport been available to buy – traditionally, only
the super-rich could invest in entire car parks.
Airport car parking provides higher yields than other traditional
buy-to-let investments. The scale of popularity and the rise of
interest in car park investments are exemplified by the global
market size, estimated by Frost and Sullivan to be $100 billion.
Investors worldwide understand the need for airport car
parking – it’s a simple and extremely profitable concept. With
many car parks operating at full capacity on a daily basis, this
investment is proving as popular as it is lucrative.

Never before have single parking spaces at London Luton International Airport been available to buy – traditionally, only the super-rich could invest in entire car parks. Airport car parking provides higher yields than other traditional buy-to-let investments. The scale of popularity and the rise ofinterest in car park investments are exemplified by the global market size, estimated by Frost and Sullivan to be $100 billion. Investors worldwide understand the need for airport carparking – it’s a simple and extremely profitable concept. Withmany car parks operating at full capacity on a daily basis, thisinvestment is proving as popular as it is lucrative.

Single or multiple parking spaces are available to purchase, which provide a guaranteed rental return within the first two years of 8% per annum. All parking spaces carry with them title deeds, registered at the UK Land Registry in your own name or that of your company.

London Luton Airport is expanding rapidly, faster than any other major UK airport. The airport’s future growth is assured by the massive developments in global air travel that we are seeing every day. Long stay car parking at London Luton Airport is an excellent commercial property investment and a lucrative way to diversify your investment portfolio. Park First has acquired Help Me Park, a company established for 10 years, and is proud to be operating this brand leading meet and greet parking service at London Luton Airport together with our other 30 year brand Cophall Parking, which provides a park and ride service.

INVESTMENT HIGHLIGHTS

  • LONG STAY SECURE AIRPORT PARKING AT LONDON LUTON AIRPORT

Car parking specialists Park First are proud to have acquired 2,000 spaces at London Luton Airport and to bring to the airport the established brands of Help Me Park and Cophall Parking. The first phase of development of the parking to Park First standards will soon be released, creating a rare opportunity in the property investment sector – a low cost, high yielding investment. This is the first time single spaces at London Luton Airport have been offered to investors at affordable prices. Part of the Group First network of property companies, Park First offers investors the chance to purchase a long-standing space from £25,000 with guaranteed yields of 8% in years one and two and projected yields from 10% for year three onwards.

  • HELP ME PARK

This is the best airport meet and greet service on the market, established for 10 years and offering the best 24/7 service from a professional and highly trained team. Help Me Park’s experienced drivers meet customers at London Luton Airport terminal to receive their vehicle, carrying out a full vehicle check including photographic record before transporting to our secure airport car park. Upon return a Help Me Park driver will greet them at a meeting point right outside the terminal to hand back the keys to their car.

  • COPHALL PARKING

Here you park your own vehicle in our secure airport car park and then transfer to the terminal with our premium transfer, enjoying the fastest four minute park-to-terminal transfer time at London Luton Airport. Cophall Park and Ride has been established for 30 years and provides premium parking services at affordable rates focussing on fantastic service with no hidden charges and no extra admin costs – just award-winning service with a smile.

  • INVESTORS RECEIVE A MINIMUM 25% RISE IN CAPITAL VALUE FROM DAY ONE

Each Park First car parking space is subject to an independent valuation by the Royal Institute of Chartered Surveyors. These valuations are available to view on the Park First website, www.parkfirst.com. To ensure Park First customers enjoy a minimum 25% rise in capital growth from day one, we offer car parking spaces for sale below market value. In anticipation of huge demand and to be fair to all investors only two airport parking spaces may be purchased by each client at London Luton Airport.

  • RESALE STRATEGY WITH A 25% PROJECTED PROFIT ON INITIAL INVESTMENT

Park First will help to resell your parking space, at your request, at any time during your ownership subject to a 5% resale fee. We will market the parking space at a minimum 25% above the initial purchase price to potential buyers to ensure we obtain the best possible price for your investment. Airport car parking spaces in such a premium location are in seriously short supply, and passengers of London Luton Airport are set to increase by 50% within the next four years - if you choose to sell it at any point in your ownership, we anticipate there will be huge demand for your parking space from other investors, owner-occupiers who frequently fly, airport staff, pilots and airline employees or even corporate companies who wish to utilise the space for their employees.

  • MANAGEMENT AGREEMENT

Park First is delighted to put in place a guaranteed two-year lease for every investor’s car parking space upon completion. Following the expiry of this lease, the parking space automatically offers to move into a management agreement with Park First. This means Park First will always manage that space as long as the investor wishes for us to do so. Investors are free to break this agreement should they wish – they can choose to manage the space themselves easily, or appoint another agency to manage it on their behalf.

Park First cannot break the agreement.

This mechanism is designed to offer investors security and flexibility.

  • ESTABLISHED MARKET WITH GUARANTEED RETURNS AND PROJECTED INCREASES IN RENTAL INCOME

The past decade has seen phenomenal growth in air travel as it has steadily become quicker, cheaper and more convenient to passengers.

With combined guaranteed returns of 16% for the first two years of your investment and a 25% rise in value, investors are off to a fantastic start with a 41% initial return. At the same time, we are offering end users a competitively priced product which is safe and secure. The Park First car parking investment product is designed to benefit all.

  • AIRPORTS ARE CREATING THE FASTEST GROWING DEMAND FOR PARKING THROUGHOUT THE UK

Airport parking in the UK is officially the most expensive in the world. Urban centres have plummeted in popularity as out-of-town developments, retail parks and supermarkets promise free parking all day and offer everything in one handy location. In contrast, airport car parking has seen incredible growth in the past 10 years and the demand shows no sign of slowing down. Airport car parking is the only type of parking product which is paid for, where demand continues to soar and prices adapt to stay competitive.

  • DEVELOPER BUY-BACK OPTION WITHIN YEAR FIVE OF PROPERTY OWNERSHIP

On the fifth anniversary of your ownership of your Park First car parking space, you will be given the opportunity to request that we buy back the space from you. Subject to terms and conditions, Park First may purchase the space back from you for the original price paid. This has been set up as a safety mechanism designed for extenuating circumstances including death, incapacity or financial difficulty. Park First is committed to working with you to ensure you enjoy the best possible experience of investing with us.

 

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