Sea Side Scrap Book » How can I obtain a car park asset?

How can I obtain a car park asset?

Hotly debated by those looking for an alternative investment, car park assets have been highlighted as a strong investment by the International Parking Institute who has stated that the parking industry produced more than $20 billion annually in gross parking revenues.

Similar to commercial property investments location is essential, with many successful car park investments located in areas where the demand for parking spaces is greater than the current supply.

Dubai is an example of a city which, due to its levels of unprecedented growth, has fallen short in its supply of parking spaces.

Solar PV Panels - Photovoltaic Panels is another wonderful article

An overall lack of available parking spaces combined with an ever increasing amount of high-rise buildings without underground parking facilities had aggravated the issue, with a number of people now identifying key areas to create unique car park investments.

Due to the extreme humidity and heat there’s a strong demand for covered or underground parking facilities and, with 91% of UAE residents opting to use private transport according to a recent Regus survey, the need for parking is clear.

To answer to the demand for parking spaces in Dubai, Experience International has exclusively launched its first car park investment in the city.

“Car parks are a low entry level proposition for investors, presenting a more affordable commercial real estate investment opportunity,” Steven Worboys, MD of Experience International comments. “Our exclusive Dubai car park investment is guaranteed to deliver 10% NET yields per annum for the first two years, rising to 12% by Year 5.”

Speaking exclusively about the new availability of the project, Steven Worboys MD of Experience International comments, “Car parks are a low entry level proposition for investors, presenting a more affordable commercial real estate investment opportunity. Our exclusive Dubai car park investment is guaranteed to deliver 10% NET yields per annum for the first two years, rising to 12% by Year 5.”

The company is marketing an already operating car park, which is located in Dubai’s central business district. Set for a $30 billion expansion and development, the area has been dubbed a ‘city within a city’. Experts predict that this expansion will force the population of the Business Bay to balloon to 300,000 mark, with more employers, employees and residents moving and commuting in and out of the area.

For those looking to obtain a car park asset, Experience International will be offering spaces 25.71% below RICS valuation, for a limited time only as a part of the company’s exclusive pre-launch package. Investors can enter the investment from 26,000 (minimum purchase of 2 spaces) on a 99 year lease basis.

With a low deposit of just 495 per car parking space upon reservation, investors can secure a guaranteed rental income for 4 years.

For more information about car park investment or to reserve a unit, please contact Experience International on 0207 321 5858 or email enquiries@experience-international.co.uk.

Conducting research? Make sure you download Experience International’s free investment guide.