Why Car Park Investments Are Rising In Popularity In The UK And Attracting Investors From Overseas
It comes as no surprise that overseas investors are attracted to investment opportunities in the United Kingdom. In some cases holding UK Property is seen as a must-have trophy asset.
The UK manages to attract interest from all corners of the world with relative political and economic stability meaning property in the country is seen as a safe haven for overseas investors. Such is the case with a new range of commercial property on offer from FJP Investment.
Over the last twelve months the team at FJP Investment in conjunction with Park First have sold out five car parks at Glasgow International Airport. With the final car park investment now on sale at £20,000 per parking space there is no shortage of interest. In just twelve months around 4,000 parking spaces have already been sold with the vast majority of uptake coming from outside of the UK.
Airport parking has always been seen as a prized asset of leading multinational funds but for the first time investors are able to buy individual parking spaces and then have them rented out.
The fascination with investing in buy-to-let parking spaces at major airports in the UK stems from the ability to have the asset managed for you meaning the while tending to your life abroad you are left to reap the benefits from fully managed turnkey assets that are in high demand.
Why Car Park Investments Are Rising In Popularity
With six car parks already under management at Glasgow International Airport and a further two at London Gatwick Airport, the management of Glasgow yielded an average occupancy of 92% for 2014.
Further opportunities are to be released throughout 2015 and well into 2016. Sites are being developed as we speak at Birmingham, Luton and Manchester airports.
Investing in UK airport parking is possible with the assistance of a commercial agent such as FJP Investment in conjunction with Park First.
Investors will be able to take advantage of a Lifetime Management Agreement with a guaranteed two-year lease for every investor’s car parking space(s) upon completion. Following the expiry of this lease, the parking space automatically moves into a lifetime management agreement. This means the space(s) will be managed for the lifetime of the investment or for as long as the investor wishes. 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. This mechanism is designed to offer investors a lifetime of security and flexibility. Read the original article here…