Interesting car park investment, income investing opportunity just launched by Experience International. Investors purchase individual ‘Car Parking Spaces’ which are then leased back to an established car park management company that manages and rents the ‘parking space’ on the investors behalf. In return investors receive an initial 4 year income guarantee renewable for an additional 4 years. Net yields are 10.00% in the first two years, 10.46% in year 3 and 11.00% in year 4 and are anticipated to surpass 12.00% by year 5.
The car park investment is part of an income generating asset (IGA) delection of products. It is a commercial property turnkey investment with guaranteed high and stable yields along with sustained capital appreciation.
Our parking facility is part of a commercial office tower in Dubai’s new business zone ‘Business Bay’ which is having a $30 billion development that will comprise of residential, commercial, and retail units that will accommodate over 300,000 people upon completion. The car parking investment facility services the tower and provides spaces to tenants of the building.
A Colliers International report on 147 global Central Business District (CBD) rates for parking states the huge potential growth of parking rates in a Dubai CBD. A year on year comparison of median rates indicates that in 2008 Dubai’s monthly average parking cost was at $198.48 and in 2009 rose to $240 – demonstrating a large 20% rise in just 1 year.
At the moment in Dubai it is about half the price for car parking costs compared to cities like Oslo, Perth, Stockholm and Copenhagen, and that Dubai will catch up these cities and should at least equal their cost of car parking heading towards the $1,000 per month mark in the near future.
Covered / underground parking facilities in Dubai are in high demand due to the hot climate, and the high concentration of cars as the main mode of transport in the
City highlights demand for car parks and necessitates their investment appeal.
This Car Park Investment Exclusive offers an income investing opportunity in a complete and in operation car park facility for a business tower which has 80% more office space than the car park can actually provide, basically only 20% parking provision in relation to the building’s tenant capacity, therefore supply for parking in the business district cannot meet the current demand.
Car Parks are a low entry level proposition for investors, presenting a more affordable commercial property investment solution to earn 10.00%+ yields per year guaranteed. Click here to access the exclusive car park investment report.
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