Parking Investments
Discussion
Hi Everyone,
I have seen this type of investment being marketed a lot recently, just wondering if anyone out there is involved or thinking of it too!
I Have carried out a lot of research and received some good information from a firm that I have now checked out and happy to use as they are an accredited supplier.
Has anyone here invested or thinking of investing?
Airport Carparking investment Gatwick - Park Place Investments?
Thanks in advance
I have seen this type of investment being marketed a lot recently, just wondering if anyone out there is involved or thinking of it too!
I Have carried out a lot of research and received some good information from a firm that I have now checked out and happy to use as they are an accredited supplier.
Has anyone here invested or thinking of investing?
Airport Carparking investment Gatwick - Park Place Investments?
Thanks in advance
http://www.thisismoney.co.uk/money/pensions/articl...
http://www.thisismoney.co.uk/money/investing/artic...
8% is often quoted as a return.
I normally ask myself, "Given banks are so cough, greedy, if the business plan is so great, why aren't they investing? Or business angels. Or indeed, why do they need to turn to the public?"
If it sounds too good to be true then...
http://www.thisismoney.co.uk/money/investing/artic...
8% is often quoted as a return.
I normally ask myself, "Given banks are so cough, greedy, if the business plan is so great, why aren't they investing? Or business angels. Or indeed, why do they need to turn to the public?"
If it sounds too good to be true then...
Edited by Vaud on Monday 4th April 13:41
Park Place investments.
With a web site that offers an 0800 number and no address. Great. Doesn't look at all dodgy.
Edit: from their FB page, they operate from a serviced office in Northampton.
All that opportunity, and they don't know how to build a legally compliant (main) web site.
With a web site that offers an 0800 number and no address. Great. Doesn't look at all dodgy.
Edit: from their FB page, they operate from a serviced office in Northampton.
All that opportunity, and they don't know how to build a legally compliant (main) web site.
Edited by Vaud on Monday 4th April 13:40
I've already seen these articles you've posted and there is no fact behind whats being said plus the company I've been dealing with have managed to supply some really useful facts that I am happy with, I understand the risk and how they get to 8% returns.
The articles seam to point the figure at rougue agents, I have managed to ensure the company i am using is a legitimate busines and is accredited, plus the sale is completed via solictiors, so no money is sent to them from me.
I have been researching this since last year and was litreally curious as to who else was actually involved!
The articles seam to point the figure at rougue agents, I have managed to ensure the company i am using is a legitimate busines and is accredited, plus the sale is completed via solictiors, so no money is sent to them from me.
I have been researching this since last year and was litreally curious as to who else was actually involved!
Vaud said:
http://www.thisismoney.co.uk/money/pensions/articl...
http://www.thisismoney.co.uk/money/investing/artic...
8% is often quoted as a return.
I normally ask myself, "Given banks are so cough, greedy, if the business plan is so great, why aren't they investing? Or business angels. Or indeed, why dos they need to turn to the public?"
If it sounds too good to be true then...
http://www.thisismoney.co.uk/money/investing/artic...
8% is often quoted as a return.
I normally ask myself, "Given banks are so cough, greedy, if the business plan is so great, why aren't they investing? Or business angels. Or indeed, why dos they need to turn to the public?"
If it sounds too good to be true then...
There is a little concern but I am happy with the income only and I am confident that car parks at airports make sense, storage boxes i didnt like and the fact that people are invested in this helps.
I park at gatwick a lot, I've seen the prices rise ( I travel to USA once a month) its a busy airport and they might even get a 2nd runway! they have spent money on shops etc in the terminal I dont think selling is a concern I would be concenrend if it was parking at the local shopping center!
I park at gatwick a lot, I've seen the prices rise ( I travel to USA once a month) its a busy airport and they might even get a 2nd runway! they have spent money on shops etc in the terminal I dont think selling is a concern I would be concenrend if it was parking at the local shopping center!
PurpleMoonlight said:
Try asking them how you get your money out should you need it and you will likely be waiting for a long time for an answer.
apart from everyone already telling you to avoid it, i'll have a quick run through of my thoughts/ concerns:
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
Ok Guys I am the only Neil out there!
To be fair they have been very good throughout all my endles questions, credit where credit is due, I had spoken to other agents and visited there sites too.
We seam to have got slightly distracted from the orginal question on here,
is there anyone else who is thinking of it or has invested in it?
To be fair they have been very good throughout all my endles questions, credit where credit is due, I had spoken to other agents and visited there sites too.
We seam to have got slightly distracted from the orginal question on here,
is there anyone else who is thinking of it or has invested in it?
Doofus said:
And has the same first name as the Director of Park Place Investments...
malks222 said:
a
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
Exactly. Smaller number of investors is much, much cheaper to manage.ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
And don't trust a business that can't even build a compliant web site.
Just like you I wasn't prevy to the ins and outs of this investment, so I gathered the facts and information from a variety of indepndent sources and I was given the answers to all the obviuos questions you have stated below, I would suggest that it is ignorant to make presumtions when dealing with investments and our own hard earned money. which is why there is a little thing called due diligence.
I am confident that I have covered all the points you mentioned when conducting my due diligence, I would suggest you speak to them directly to get the answers, spending 2 mins when looking at an investment is not something I would or I would expect you to do plus I am not selling it I am investing in it, I wish I never even bothered putting this on here!
malks222 said:
apart from everyone already telling you to avoid it, i'll have a quick run through of my thoughts/ concerns:
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
RS6 see you said:
We seam to have got slightly distracted from the orginal question on here,
is there anyone else who is thinking of it or has invested in it?
For all the reasons others have already set out in this thread I wouldn't touch it in a million years.is there anyone else who is thinking of it or has invested in it?
As a former colleague of mine used to say, "Painted nipple pink to attract the suckers".
RS6 see you said:
Just like you I wasn't prevy to the ins and outs of this investment, so I gathered the facts and information from a variety of indepndent sources and I was given the answers to all the obviuos questions you have stated below, I would suggest that it is ignorant to make presumtions when dealing with investments and our own hard earned money. which is why there is a little thing called due diligence.
I am confident that I have covered all the points you mentioned when conducting my due diligence, I would suggest you speak to them directly to get the answers, spending 2 mins when looking at an investment is not something I would or I would expect you to do plus I am not selling it I am investing in it, I wish I never even bothered putting this on here!
So can you mitigate against the risks he has outlined above?I am confident that I have covered all the points you mentioned when conducting my due diligence, I would suggest you speak to them directly to get the answers, spending 2 mins when looking at an investment is not something I would or I would expect you to do plus I am not selling it I am investing in it, I wish I never even bothered putting this on here!
malks222 said:
apart from everyone already telling you to avoid it, i'll have a quick run through of my thoughts/ concerns:
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
£20k buys you 1 space with legal title deed- OK so you give them £20k and they give you the title deeds for 3m x 4m tarmac area in a car park. brilliant, what can you do with this if not managed by them? what legal access do you have to this area? what service costs are there?
2 years guaranteed return of 8%- absolutely no problem at all, they have your £20k, they give you back 8% on year one and year two, then walk off with the rest!
25% capital growth on your asset (aka parking space) from day one based on RICS figures- I'd like them to prove that one, go ask the RICS for the value on a 3m x 4m patch of tarmac and see if they value it at £25k already? if no they've lied.
they say you can manage your own investment- how exactly? are you supposed to rent out your own singular parking space to the open market? fair enough you might, but do you actually have legal access to and from this piece of land? you would need your own insurance to legally run this as a business, how would you manage this, would you need to employ someone to manage your parking space for you............
after the 2 year guaranteed return, then what? what are your returns based on? how often your space is used/rented out? sorry sir you got space nr 5,206 on row double Z at the back of the compound, eh no-one parked in it this year, sorry you didn make any money this year. or- oh sir, you own prime spot number 1, row A right near the entrance, everyone parked there, the space was at full capacity all year, but here are our charges for managing the car park, insurance,staff, maintenance...... they actually work out at £10k this year, your space only brought in £9k, you actually owe us £1k!
ok so my investment broke even/ lost/ made me 16% over 2 years (delete as applicable), i'm bored of it now/ I want to cash in on my amazing investment strategy, place an advert on PH classifieds- selling 1x parking space at Gatwick airport, RICS rates say its worth £25k, whats my opening bid..............
ask yourself why they are not just selling shares in the actual business? if its so profitable, why not just build the car park and sell shares in the business, why do you need to sell off absolutely pointless small plots of land..........
still think this is a good idea/investment?
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