When property investment opportunities exist in a sector where demand far exceeds supply, it often presents an easy decision for investors. Cheshire-based Direct Airport Parking Investment believes this makes off-airport car park spaces at major UK airports a very attractive investment option for new investors and seasoned investors alike.
There is a huge demand for secure, state-of-the-art car parking facilities close to the busiest airports in the UK. The numbers of UK residents choosing to travel by air, be it for business or on holiday, is forecast to continue to rise by up to 80%, to 218 million by 2034. [Source ADS The Great British Take Off report, November 2015] At London Gatwick alone, over 100,000 passengers use the airport every day and 41 million passengers are expected to pass through the airport every year for the next three years. With the vast majority of passengers travelling to their chosen airport by car, there exists a requirement for good quality and secure long-stay car parking close by, something which remains in limited supply.
Direct Airport Parking Investment is proud to be the Master Agent for Park First, the leading provider of car parking alongside major airports in the UK. Park First owns and manages car parks adjacent to London Luton, London Gatwick and Glasgow International airports, and is the name behind trusted industry brands such as Direct Parking, Help Me Park, Cophall Parking, Park Safe, Park Fast, Swift Park and Park ‘n’ Fly. These brands all offer long-stay car parking services for air passengers, with a choice of Meet & Greet or Park & Ride services.
Dean McDonough, Client Liaison Manager at Direct Airport Parking Investment, said:
“It’s the age-old supply and demand scenario. Secure, well-maintained car parking is always in demand at the UK’s busiest airports and Park First is able to offer a fantastic service to its customers through its market-leading car park facilities and services.
“What we can offer is the opportunity to invest in these car parking spaces: the purchase of this unique type of commercial UK buy-to-let property – complete with a Title Deed from the UK Land Registry – offering both a high yield rental income and capital growth.
“Investors worldwide are showing that they understand the need for off-airport car parking and recognise this lucrative investment opportunity in UK property.”
Spaces on Park First owned and managed car parks at London Gatwick, London Luton and Glasgow airports are available for investors to purchase from £20,000. They are a low risk, high yield and proven commercial buy-to-let property investment. Investors in Park First car parks at UK airports are assured of an 8% return in each of the first two years of their investment, with a predicted rise to 10% in years three and four, and 12% in years five and six. Direct Airport Parking Investment’s year three investors have already been paid returns of up to 10.8%, exceeding the predicted 10% and bettering returns offered by more traditional investments such as ISAs.
Direct Airport Parking Investment believes fundamentally that the most appropriate response from investors to last month’s EU referendum is to remain calm whilst the impact of Brexit on the value of sterling and UK property prices remains in such a state of flux. The business feels that off-airport car parking spaces represent a safe-haven investment ideal for these uncertain times, offering investors higher returns and greater certainty than more traditional safe-haven investments such as gold, government bonds and other currencies – a point illustrated by this week’s news that, for the first time ever, UK government bonds had slumped to negative yields.
Dean McDonough added:
“Finance experts believe that the UK property market remains a good long-term investment option, and investing in car parking spaces at airports brings the benefits of a UK property investment with none of the risks associated with bricks and mortar. It offers investors guaranteed, double-digit returns whilst being a low risk option in these uncertain post-Brexit times.”
For more information about investing in off-airport car parking at major UK airports with Direct Airport Parking Investment Limited, visit www.directparkinginvestment.co.uk or call +44 (0) 161 820 4956.
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