Direct Airport Parking - Legit or scam?

[over steer]

A few people have been mentioning these guys to me: http://www.directparkinginvestment.co.uk and although it does seem viable the returns are a bit too good to be true.

Supposedly you buy (for £20k discounted from £30k) a parking spot in Glasgow or Gatwick airport to which you get title and sign a 6 year leaseback to them in order for them to manage it on your behalf. Returns guaranteed at 8% for the first 2 years and projected to rise to +10% in years 3 onwards.

Should you decide to disinvest they claim to have a secondary market to sell you spot on to or you can sell it on to third parties yourselves.

Has anyone heard anything about these guys? The website is stty, their email formatting is terrible and the guy that called me shot himself in the leg for trying the hard sell, but if it's legit I'd give it a bang.

[over steer]

My question to him (that went unanswered) was that if the car park has been built for 15 years, and been returning a +10% yield for all these years - What do you need the money for?

Surely there are cheaper ways to get finance than that.

[over steer]

The Spruce goose said:

How can they legally offer investment advice and not be FSA registered?

They're estate agents selling on another parties behalf, so I assume they get away with it that way.

[over steer]

PurpleMoonlight said:

I had a client contact me about one of these. They had contacted her direct and she wanted to know if her pension scheme could acquire one.

I emailed the people several times, they never replied.

I eventually called them, left a message to call me back which they did, but couldn't answer any of the basic technical questions I had including how to realise the investment at some point in the future. They promised to email me more info but never did.

They just want to sell to unsuspecting punters. Much like the slither of a green belt field in recent years I fear.

In all honesty they did answer those questions. It does not necessarily mean that things were as straight forward as they claimed them to be, as they baulked when I asked them for a copy of the sale contract for review by my lawyer.