Long stay secure airport car parking, in close proximity to London Luton airport
2,000 car parking spaces in very close proximity to London Luton Airport are offered. With prices from just £25,000 and guaranteed yields of 10% in years one and two, this is an excellent income producing buy-to-let property.
Car parking spaces which have been serving London Luton airport have now been released for sale
Airport car parking is a solid mainstream commercial property investment. It comes firmly within HMRC’s definition of what is suitable for SIPP (Self-Invested Personal Pension) investment and carries with it the benefit of having its own registered 999 year lease (title-deed) at the UK Land Registry. Each investor will receive their own personal property title deed following completion. Developer Luton’s airport car park received full planning permission to become a major car park in 1999.
Excellent capital value from day one
Based on the lucrative 10% guaranteed rental return, the Developer has commissioned a valuation from an independent RICS surveyor, valuing individual car park spaces at a minimum of 25% above the investor purchase price paid. The valuation is available upon request.
In anticipation of huge demand and to be fair to all, each investor at the new site adjacent to London Luton Airport may purchase a maximum of two airport car parking spaces.
6-year lease in place from completion giving excellent guaranteed returns
A six-year leaseback of the car parking space(s) will be in place upon completion. The lease guarantees rental income for the first two years at 10% per annum. This guaranteed income becomes immediately available after your stage-one contract is completed.
Projected returns rise to 11% in years three and four and then 12% in years five and six. By agreement, the investor and Developer can call for the lease to be ended on the second and fourth anniversaries should they wish to do so.
The leaseback also carries a option-to-renew at the end of the six year term, which if taken gives the investor a further six years, mirroring the initial lease and income it produced.
The six-year leaseback agreement is also noted at the UK Land Registry, giving comfort to the investor and Developer alike. Proof of registration at the UK Land Registry will be sent to the investor after completion.
Established market with guaranteed returns and projected increases in rental income
The past three decades have seen phenomenal growth in air travel as it has steadily become quicker, cheaper and more convenient to passengers.
With combined guaranteed return of 20% for the first two years of your investment and a projected 25% rise in capital value, investors are off to a fantastic start.
No VAT charged on rental income
Investors are not obliged to charge VAT to their customers (under current UK law) unless their income from the rentals exceeds the threshold (currently £82,000 p.a.). The large national airport parking companies must charge VAT as their income exceeds the threshold.
The investors are therefore able to offer tenants a lower and more attractive rental deal, or simply make 20% more profit than their competitors should they wish to do so.
Developer buy-back option within year 5 of property ownership
On the fifth anniversary of the ownership of your airport car parking space, you will be given the opportunity to request that the Developer buy back the property from you. Subject to terms and conditions, the Developer may purchase the parking space back from you for the original price paid. The Developer would then have full rights to sell on the property at a profit or the hold the asset while letting it out to create more rental income.
In addition to the above buy-back option, the Developer is committed to working with you to ensure you enjoy the best possible investment experience. Therefore the Developer will also look at a buy-back where extenuating circumstances exist such as, death, incapacity and financial difficulty.
No expense spared with a total refurbishment underway at the Developer Luton's site
An estimated £2 Million refurbishment of the airport car park is currently underway at Developer Luton’s new site. New surfacing, fencing and reception buildings are all planned. The latest technology is also being installed, introducing automatic number plate recognition systems, top of the range CCTV security, along with new drop off and pickup locations in order to operate a first class airport parking experience.
Airports are creating the fastest growing demand for car parking throughout the UK
Airport parking in the UK is officially the most expensive in the world. Urban centres have plummeted in popularity as out-of-town developments, retail parks and supermarkets promise free parking all day and offer everything in one handy location.
In contrast, airport car parking has seen incredible growth in the past ten years and the demand shows no sign of slowing down. Airport car parking is the only type of parking investment, where demand continues to soar and prices adapt to stay competitive.
Airport parking is set to become a high yielding form of commercial property with fast capital growth
London Luton Airport is expanding rapidly and is expecting 18 Million passengers through its doors by 2020. This expansion creates a massive extra demand for airport parking.
As a tangible asset, parking spaces are a stable investment even in times of general market instability, as their value is not directly connected to the general stock market fluctuations.