Parking Investments
Discussion
RS6 see you said:
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
It would be a pity for Park Place Investments if the original, very enthusiastic post disappeared like the claim on the Park Place Investments website to be TPO regulated did..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
Revisitph said:
interestingly, today, some 48 hours after the OP's post their website now says that their investments "fall outside of the FCA remit ..... and [that of] the property ombudsman...."
Yet further coincidences... The OP is apparently not the same Neil as the Director of Park Place Investments Ltd, but by coincidence, the Director of Park Place Investments Ltd has a fit of conscience about his regulatory claims and changes the Park Place Investments Ltd website just after the OP here is told the claims made on the Park Place Investments Ltd website are false. 
Edited to ensure there is no confusion over the company being discussed.
Edited by Doofus on Thursday 7th April 11:10
Edited by Doofus on Thursday 7th April 11:10
Doofus said:
Yet further coincidences... The OP is apparently not the same Neil as the Director of Park Place Investments Ltd, but by coincidence, the Director of Park Place Investments Ltd has a fit of conscience about his regulatory claims and changes the Park Place Investments Ltd website just after the OP here is told the claims made on the Park Place Investments Ltd website are false.
From the website - Edited to ensure there is no confusion over the company being discussed.
"The services and products we offer fall outside of the FCA remit as they are property sales and the property ombudsman as they are commercial property sales of car parking spaces".
Poor English as well.
Eric Mc said:
From the website -
"The services and products we offer fall outside of the FCA remit as they are property sales and the property ombudsman as they are commercial property sales of car parking spaces".
Poor English as well.
Two days ago it said "We are authorised and regulated by the Property Obudsman"."The services and products we offer fall outside of the FCA remit as they are property sales and the property ombudsman as they are commercial property sales of car parking spaces".
Poor English as well.
One of these threads came up when they were selling spaces at Glasgow Airport. Below is the very rough calculation I provided in that thread, which highlights why it's a nice little earner for the vendor.
JQ said:
I've just received one of these emails!! It's a 6 year lease (where the rent is only guaranteed for 2 years) to an established long stay car parking company adjacent to Glasgow Airport, adjacent occupiers look to be industrial. A quick fag packet calculation suggests the vendor will be getting between £2.5m to £3m per acre for the land and it looks like they've got around 7.5 acres of currently surfaced parking, so clearing between £18.75m and £22.5m, assuming they sell it all. I don't know Glasgow but most of the long stay operators around Manchester airport are located in Sharston or Wythenshawe where the land is worth £250,000 per acre, I can't see land in Paisley being worth much more.
So they'll be selling land possibly worth £2m for around £20m, a nice £18m or 900% profit. Of course they do have a buyback provision, but that does presume they'll still be there in 6 years time - personally I'd be in Barbados enjoying my £18m. Obviously their profit won't be that high when you factor in marketing costs, legal costs, surfaced land being worth a bit more, etc - but it gives a good idea of how much money these guys could be making if they get enough investors.
I've not even considered the rental side - 8% return is around £1,650pa income. I pay less than that for a fully secured 24hr multi-storey NCP space in Manchester City Centre. Car park operators outside Manchester airport are paying around £250-£500 per space per annum. Again assuming the operator is still going in 2 years time I suspect the income will take a significant hit.
With the changes to pensions this year, there's going to be a lot of people having their fingers burned by these schemes - greenfield resi plots, hotel rooms, student rooms, parking spaces, etc. All small lot sizes designed to attract unsophisticated investors in an unregulated industry.
So they'll be selling land possibly worth £2m for around £20m, a nice £18m or 900% profit. Of course they do have a buyback provision, but that does presume they'll still be there in 6 years time - personally I'd be in Barbados enjoying my £18m. Obviously their profit won't be that high when you factor in marketing costs, legal costs, surfaced land being worth a bit more, etc - but it gives a good idea of how much money these guys could be making if they get enough investors.
I've not even considered the rental side - 8% return is around £1,650pa income. I pay less than that for a fully secured 24hr multi-storey NCP space in Manchester City Centre. Car park operators outside Manchester airport are paying around £250-£500 per space per annum. Again assuming the operator is still going in 2 years time I suspect the income will take a significant hit.
With the changes to pensions this year, there's going to be a lot of people having their fingers burned by these schemes - greenfield resi plots, hotel rooms, student rooms, parking spaces, etc. All small lot sizes designed to attract unsophisticated investors in an unregulated industry.
blueg33 said:
We own some car park investments. They are great, low risk good turn in the right locations
They are, if you own the car park. Buying a landlocked car sized parcel of land at an inflated price, with limited exit strategy, adjacent to several hundred other car park sized parcels of land all owned by different people and managed by the company who sold them to you is a completely different proposition.walm said:
blueg33 said:
We own some car park investments. They are great, low risk good turn in the right locations
What's their yield if you were to pay market for them now?We own the freehold and sublet the operation to a parking management company with some very strict rules in place regarding penalties and ticketing. Where possible they are all barrier controlled.
You can make good money with town centre parking spaces.
I have one of those "round the back of shops" sort of spaces. I rent it to a hair dresser who's salon has no parking pays 12 months parking in advance. I make close on 10%, wish I had got more could have bought 3 but was a bit worried.
I have one of those "round the back of shops" sort of spaces. I rent it to a hair dresser who's salon has no parking pays 12 months parking in advance. I make close on 10%, wish I had got more could have bought 3 but was a bit worried.
I had the year end from hell, the waters are settling. But I still found time to look at this. Hysterical. Love the sleuthing work.
I'm disgusted though, at the shameful attempts by members to try keep Park Place Investments at the top of the Google search rankings, by indiscriminately posting Park Place Investments as frequently as they have been doing, or mentioning Park Place Investments in the same breath as scam, or car parking scam.
Can we now please stop?
I think that Park Place Investments (and indeed car parking scams the world over) need time to reflect and if need be, draw the Mess Webley and do the honourable thing. Finally, I hope that Park Place Investments appreciates my attempts to intervene on behalf of Park Place Investments.
I'm disgusted though, at the shameful attempts by members to try keep Park Place Investments at the top of the Google search rankings, by indiscriminately posting Park Place Investments as frequently as they have been doing, or mentioning Park Place Investments in the same breath as scam, or car parking scam.
Can we now please stop?
I think that Park Place Investments (and indeed car parking scams the world over) need time to reflect and if need be, draw the Mess Webley and do the honourable thing. Finally, I hope that Park Place Investments appreciates my attempts to intervene on behalf of Park Place Investments.
Didn't realise that this thread was about Park Place Investments. Aren't Park Place Investments the people behind that dodgy car park, I'm sure it was Park Place Investments. Park Place Investments have been mentioned before on this thread so Park Place Investments could come up on google if you search Park Place Investments
All efforts to help the OP in his quest for others who share his enthusiasm for Park Place Investments, and mentions of PPI's name seem to have been in vain - my Google search doesn't turn up this thread with all the useful, but perhaps adverse due diligence we've helped him with. I wonder if as the top-of-page-paid-for-advertiser the director of PPI / "neighbour" of the OP can ask Google for a degree of filtering of search results to exclude ones which may impact on their ability to continue paying for advertising on that search engine.
PPI's Facebook page asks us "please feel free to ask us about our parking investment" and tells us "When a company offers the return upfront, you know they're confident!" (like the OP, PPI seem to have an affinity for the "!" button). Thinking of liberating some pension pot and going for this sure-fire investment I creaked upstairs on my Zimmer to ask my FB-savvy youngest if a FB page owner could delete unwanted posts on their page. He tells me that they can, so it seems that there is no point in the many PH-Finance-thread-would-be investors who have contributed so much to the OP's quest bombarding that page asking lots of enthusiastic questions about the PPI business model, regulatory framework, press reports about these schemes and the history of the company which PPI is acting as agent for etc.
.
PS - I note that the disclaimer on the bottom of PPI's website has been modified again - since yesterday! (the !! is catching!!). Now it reads " The services and products we offer fall outside of the FCA and TPOS remit - as we currently deal only with the sale of commercial property investments." OP, it looks as if the directors of PPI are getting a lot of useful feedback from this thread and, unless it is a bizarre coincidence, modifying it accordingly - that's the third incarnation of the disclaimer so far this week. Perhaps they're a little more savvy than some unkind posters, (one referred to the director as a "buffoon") have suggested. What do you think? Have you looked into becoming an agent for Group First? That looks to be a sure fire way to multiply your earnings from this kind of investment, regardless of the effect it has on the investors in these schemes who, if the press / insolvency service etc are to be believed, have lost a lot of money.
PPI's Facebook page asks us "please feel free to ask us about our parking investment" and tells us "When a company offers the return upfront, you know they're confident!" (like the OP, PPI seem to have an affinity for the "!" button). Thinking of liberating some pension pot and going for this sure-fire investment I creaked upstairs on my Zimmer to ask my FB-savvy youngest if a FB page owner could delete unwanted posts on their page. He tells me that they can, so it seems that there is no point in the many PH-Finance-thread-would-be investors who have contributed so much to the OP's quest bombarding that page asking lots of enthusiastic questions about the PPI business model, regulatory framework, press reports about these schemes and the history of the company which PPI is acting as agent for etc.
.PS - I note that the disclaimer on the bottom of PPI's website has been modified again - since yesterday! (the !! is catching!!). Now it reads " The services and products we offer fall outside of the FCA and TPOS remit - as we currently deal only with the sale of commercial property investments." OP, it looks as if the directors of PPI are getting a lot of useful feedback from this thread and, unless it is a bizarre coincidence, modifying it accordingly - that's the third incarnation of the disclaimer so far this week. Perhaps they're a little more savvy than some unkind posters, (one referred to the director as a "buffoon") have suggested. What do you think? Have you looked into becoming an agent for Group First? That looks to be a sure fire way to multiply your earnings from this kind of investment, regardless of the effect it has on the investors in these schemes who, if the press / insolvency service etc are to be believed, have lost a lot of money.
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