Glasgow, United Kingdom, March 06, 2015 --(PR.com
)-- A forward thinking investment company is harnessing the profitability of ‘park n fly’ and starting work on the fourth stage of its project at Glasgow Airport. Developed by Park First, FJP Investment Ltd offers investors a chance to purchase managed parking spaces and receive payments based on occupancy.
Tom Roberts, Investment Manager said, “We’ve received an overwhelming amount of interest in the Park First scheme and have had our lawyers working overtime to prepare contracts. We’re now entering the final stages of development and have already sold over 3000 parking spaces. Car Parks 4 and 5 are the final opportunity for investors to secure a space and reap the benefits of an asset that generates a constant flow of cash throughout the year.”
The entire project consists of five different stages, with Car Park 1 opening in February 2014. Since then the Park First investment scheme has received an influx of interest from savvy investors wanting to cash in on the money making opportunity. When Car Park 3 spaces were released on January 5 2015 slots sold out in just six weeks. Car Park 4 is off to a flying start and Car Park 5 now in its final stages of completion. With over 3000 parking spaces sold to investors in the last eight months Park First is expecting the final spots to be snapped up in a matter of weeks.
Investors on the search for guaranteed returns will welcome the news that in 2014 Park First recorded average occupancy rates of 90%. This generates significantly higher yields than conventional ‘buy to let’ investments.
“Occupancy rates are sky high which proves that there is an obvious demand for airport parking space. We’re filling a gap and offering investors the chance to enjoy guaranteed ROI and 90% occupancy levels. It doesn’t get much better than that,” said Roberts.
Generating income from a Park First car park investment is simple and stress free. After purchasing the initial space and signing the contract a third party provider manages all operations. Revenue is then distributed to the owner according to occupancy levels. All spaces are managed by a long-established airport parking company with over two decades of experience.
Parking spaces are priced at £20,000 each, with a total six year return and resale value of £36,000. This represents ROI of 185%. With Glasgow Airport continually improving and expanding its operations there is definitely the potential for even greater returns by 2021.
Park First opportunities are available to investors across the globe.