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Ref 1350435 | Manchester, Manchester | Car Park with Parking

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“As the parking industry’s older brother, commercial real estate continues to be sliced, diced, packaged and synthesized into complex investment securities, parking companies operate much like they did when the concrete was laid decades ago – a time when life was much more simple” Mr. Buffett, arguably the world’s most successful investor

A Guaranteed Return…
• You will receive a 6 year lease in place upon completion from Park First.
• The lease produces an excellent return rental yield of 8% guaranteed for the first 2 years
• Secure, central car parking will be in demand for many years to come.
• A hands-off, hassle-free investment fully managed and maintained on your behalf by Park First.

Our success in securing new tenants for Park First car parking spaces gives us the confidence to sign a six year lease which will be in place on completion. Park First car parking space rental starts at £50 per week, which is equal to £2,600 per annum. After running costs this equates to give excellent percentage returns on your investment. The 6 year rental agreement in place on your Park First car parking space has fixed upwards-only rental reviews and break clauses (for both parties) every 2 years.

Investment options:
Some advantages of purchasing your Park First car parking spaces through a SIPP/SSAS
• The value of the investment can grow at a tax free rate within your pension scheme.
• No Capital Gains Tax liability at disposal.
• Rentals paid into the pension scheme in respect of car parking spaces may be used to provide benefits for the members of the scheme.
• Rentals paid to the pension scheme by a company as tenant can be offset against Corporation Tax and as such this can be a tax efficient way of purchasing property and could even provide for retirement in a secure manner.

Some advantages of purchasing your Park First car parking spaces through a Trust Fund.
• Such a purchase may reduce your exposure to Inheritance Tax.
• The car parking spaces can be ring-fenced and be protected for your family.
• Similarly, such protection may also be derived in divorce proceedings.
• The investment may even be protected against the financial misfortune of bankruptcy.
• Modern trusts offer a great deal of flexibility both for you and your family and well worth discussing with your own financial advisor's.

Demand for car parking spaces in Manchester has never been higher ; research has shown that drivers spend an average of more than six days a year searching for a parking space. An RAC study* predicts that by 2030 there will be 39 million more cars on the road – an increase of 45% in just 25 years. Parking plays an important role in mobility, access and the economic development of our cities; as cars have become a fundamental element of journey mobility and the market for cars has grown, the city centre car parking sector, especially Manchester, has dramatically increased in importance. The car-parking sector is vital to urban mobility and to achieving a high level of accessibility in city centres. Many businesses and local governments see an adequate supply of parking for business people and visitors as crucial for their competitive growth. Yet, the number of parking spaces available in many of our cities, again especially Manchester, is being restricted as a form of traffic restraint. With Manchester car parking at such a premium, Park First gives you a superb opportunity to make an investment with our competitive prices with great returns. Our experienced management team takes care of the day-to-day running of the Manchester car parks leaving you to simply sit back and enjoy the great returns. What’s more, Park First parking spaces are SIPP and SSAS compatible so can offer a fantastic, tax-efficient opportunity to invest into commercial property and save for the future.
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For Sale £25,000 
Approx. €30,329 EUR  |  US$42,021 USD
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BedroomsRef # 1350435  BedroomsListed over 1 year ago
BedroomsLocation Manchester, Manchester
BedroomsType Car Park
BathroomsBuilt Size --- Plot SizePlot Size ---

Property Characteristics

    Setting

  • Close To Schools
  • Close To Shops
  • Close To Town
  • Commercial Area
  • Town
  • Parking

  • Covered
  • Garage
  • More Than One
  • Open
  • Private
  • Underground
  • Yes


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