With the growth of air passenger travel worldwide, airport car parking is now at a premium. For many years, investors have enjoyed higher yields than traditional ‘buy-to-let’ investments, therefore investing in car parking spaces is now a well-established form of commercial property investment, and the capital required for entry makes airport parking an even more attractive proposition.
Airport parking is estimated to be worth $12.5 billion annually in gross rental income, and demand has been forecast to outstrip supply in many UK airports, of which many are already operating at almost full capacity on a daily basis. Airport parking investment is therefore a solid and lucrative opportunity, which is increasing in popularity among astute investors globally.
Direct Parking is proud to offer this unique, low risk property investment opportunity offering up to 12% returns, with an affordable entry level. All car parks are managed by well-established and proven management companies making this an ideal hands-off and hassle-free investment.
The car parks are within close proximity to the airports and are managed by established management companies that have decades of experience and have served the airports for many years. Management agreements are available meaning your car parking space(s) will be managed on your behalf making this a fully hands-off investment.
Customers who purchased the first wave of car parking spaces at Glasgow International Airport are now entering year three of their investment and have received returns of up to 10.8%, exceeding the projected figure of 10%.
The evidence proves that airport car parking spaces are a solid commercial property investment capable of producing high income returns and strong long term capital growth due to the expansion of global air travel. Investments of this calibre are in short supply and very high demand.
Airport car parking investment is available at Glasgow, London Gatwick and (soon to be released) London Luton, with additional exciting new venues planned in the near future.
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The UK boasts some of the busiest airports in the world with more than 254 million passengers travelling through all UK airports during 2015, 155 million of which passed through London airports alone. With passenger numbers rising year on year billions of pounds are being spent on improving infrastructure, enhancing security facilities and upgrading terminal facilities to cope with increasing demand.
Airlines regularly introduce new destinations and increase the number of flights to already popular destinations, thus increasing both the number of passengers travelling and the demand for secure airport parking.
Car parks surrounding the major city airports operate 365 days a year, 24/7. The management companies responsible for these car parks offer meet and greet and valet services, as well as state-of-the-art security and booking systems.
Car parks operate a price yielding mechanism whereby booking costs escalate closer to the desired period, which encourages customers to book early in order to achieve the best possible price. This is based on the pricing strategy adopted by low budget airlines, which helps to stimulate demand and parking space occupancy rates. One of these management companies has been accredited with the official Parkmark award and has also received 'Buy with Confidence' credibility from the trading standards authority.
