Car park investment at Luton Airport

Airport car parking space investment is growing increasingly popular as an alternative asset for investment portfolios. Park First, one of the major providers of airport parking space and investment, is currently offering some exciting new investment opportunities at the busy Luton Airport.

For many flyers, parking is one of the major things to think about when going abroad. After travelling to the airport, they need a safe place to leave their car for the days or even weeks when they will be abroad. Secure airport parking therefore represents an essential service, and is in much demand among the many people who travel out of the country for business or pleasure every year. Many airport car parks operate consistently at full capacity, with new developments springing up around many of the UK's major airports in an effort to cope with excess demand.

London airports are among the busiest in the world, and London Luton is one of the prime airports in the area. It already handles millions of passengers every year, and is going through a period of rapid expansion which will see even more people departing each year, which means even more demand for secure and suitable long-stay parking in the immediate area.

Investing in airport parking is essentially a form of property investment. Each parking space is treated as an individual unit, with investors buying one or more units in order to benefit from the “rent” that people pay to use the space. The individual or company making the investment truly owns the spaces in question, which come complete with title deeds in the investor's name, registered at the UK land registry as they would be for any other property. 

Airport car park investments can be potentially lucrative, as well as providing valuable diversity to a portfolio. Park First is a well-established provider of car parking space, both for those travelling by air and as investment opportunities. The company has been active in this industry since 1998 years, and currently manages more than 6,000 individual spaces. The company has paid out more than £33 million in rental returns so far from over £1 billion of transactions. There is no debt on the business, and can provide investors with a full package of due-diligence information before transactions are made.

The opportunities that Park First is currently offering at Luton Airport car parking investments with an attractive investment package. The spaces that are currently being sold are located in a completed and operational development, meaning that there are none of the risks associated with off-plan projects, and are being offered at below-market-value prices starting from just £25,000. 

Investments carry a guaranteed 8% net return for the first two years, which will be paid in advance, and there is a guaranteed buy-back option after five years. Investments in Park First parking spaces are eligible for placing in a SIPP, and are very hands-off as developments are fully-managed by Park First.

For more information about Luton Airport car parking investments, please contact Hopwood House.