Parking Investments
Discussion
RS6 see you said:
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!
Im not sure how you've ensured the compnay is a legitimate business - not to say it isn't, but the fact that it exists isn't necessarily enough. The company was only incorporated in October last year, so if you were researching it before that, then your work is all undone.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!
I'd be concerned that their testimonials include claims from some investors which don't seem to concur with the length of time the company has been in existence. Its possible they were dealing with one of the several other similar named comoaneis which are now dissolved, but either way, I'd be very wary.
You say it's accredited. With whom? Is there an accreditation body for this type of business? If you mean their claim to be Authorised and regulated by the Property Ombudsman, well I can't find them listed on the TPO site.
But you say you've done your due diligence, and you;re happy. I'd ahve thought that coming on here and asking us would have been your first action, rather than your last one, but if you're confident, then I wish you the best of luck.
If you were -
a) going to do this anyway
b) not concerned about what others thought
Why DID you post about it here?
I consider ALL forms of land investment based on small parcels of land which have been subdivided out of a much bigger land asset as being of extremely dubious providence.
The track record of such schemes is not good and the only news that tends to come out of such investments is of the "bad news" variety.
At the end of the day, it's your money and you are free to waste it on whatever you want to.
a) going to do this anyway
b) not concerned about what others thought
Why DID you post about it here?
I consider ALL forms of land investment based on small parcels of land which have been subdivided out of a much bigger land asset as being of extremely dubious providence.
The track record of such schemes is not good and the only news that tends to come out of such investments is of the "bad news" variety.
At the end of the day, it's your money and you are free to waste it on whatever you want to.
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!
ok, so you've done your due diligence, its seems like an awesome investment, but you are yet to speak to anyone who has actually done this, made any money or anything online to suggest that this is even remotely a good idea........ 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!
can I ask who were the independent sources that gave you facts on this? and can you briefly describe how they will overcome any of the issues I raised?
do you have legal right of access to piece of land you would be purchasing? eg can you legally drive a car to this piece of land to park on it?
how would you even remotely start to manage this asset on your own accord?
what charges will there be for this ongoing managed service?
what are you even buying, is it rough ground, tarmac, does it have lines, does it have any drainage or services underneath that you need to give access to (eg water gas electricity) are there any gates/ barriers that need maintained to provide access to this piece of land?
you also say you are investing- no you are not, you are buying a small bit of land near an airport (well who knows how close this even is to an airport). a company (who also sold you the land) has said they will pay you back 8% for 2 years 'guaranteed'.
but on day one of year 3 (well if not sooner) it is yours to do as you please or have to continue to buy into their business model eg take whatever they give you or more likely charge you. more than likely by this time they will have folded the company and you will be left with a completely worthless small piece of ground that you wont be able to sell for buttons............
been a slow afternoon at work, but i'll happily sign up to any investment that can guarantee 8% for 2 years then 25% in appreciation, so I 'invest' £1mil, get £80k this year, £80k next then casually sell for £1.25mil.......... i think even warren buffet and richard branson would be all over this!
RS6 see you said:
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?
Hi Neil.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...
Maybe you should have a word with Neil Finn about it, I imagine you have a lot in common.
He's the director of the company, and he lives in the Northampton.
And he gave their Facebook page a 5* review only a few days ago.
And he has a lovely picture of his rs6 on his fb page. So at the least you could have a nice chat about fast Audi estates.
Warning signs for investment scams:
Lack of trading history.
Lack of FCA regulation.
Targeting the statistically dafter end of the retail market (ie Facebook promotion etc).
Very poor website.
Lack of credible details.
2 year fixed returns is a classic scam wheeze.
Land parcels are a classic scam wheeze.
No secondary market for exit. That makes it an absolute no, regardless of legitimacy.
Why is retail investment needed? It's the most expensive money to raise and only ever a last resort when a business plan is too weak or fraudulent to attract professional money.
Lack of trading history.
Lack of FCA regulation.
Targeting the statistically dafter end of the retail market (ie Facebook promotion etc).
Very poor website.
Lack of credible details.
2 year fixed returns is a classic scam wheeze.
Land parcels are a classic scam wheeze.
No secondary market for exit. That makes it an absolute no, regardless of legitimacy.
Why is retail investment needed? It's the most expensive money to raise and only ever a last resort when a business plan is too weak or fraudulent to attract professional money.
Director and company details for those interested -
FINN, Neil
Correspondence address
Thistle Down Barn, Holcot Lane, Sywell, Northants, Northamptonshire, United Kingdom, NN6 0BG
Role
Director
Date of birth
January 1980
Appointed on
20 October 2015
Nationality
British
Country of residence
England
Occupation
Director
PARK PLACE INVESTMENTS LTD (09833530)
Company status
Active
Correspondence address
Thistle Down Barn, Holcot Lane, Sywell, Northants, Northamptonshire, United Kingdom, NN6 0BG
Role
Director
Appointed on
20 October 2015
Nationality
British
Country of residence
England
Occupation
Director
The company was only established on 20 October 2015 so has not yet produced any accounts. Also, the total amount of shares issued is only £10 - so you might think it might be a tad undercapitalised considering it is dealing in land shares worth potentially millions.
FINN, Neil
Correspondence address
Thistle Down Barn, Holcot Lane, Sywell, Northants, Northamptonshire, United Kingdom, NN6 0BG
Role
Director
Date of birth
January 1980
Appointed on
20 October 2015
Nationality
British
Country of residence
England
Occupation
Director
PARK PLACE INVESTMENTS LTD (09833530)
Company status
Active
Correspondence address
Thistle Down Barn, Holcot Lane, Sywell, Northants, Northamptonshire, United Kingdom, NN6 0BG
Role
Director
Appointed on
20 October 2015
Nationality
British
Country of residence
England
Occupation
Director
The company was only established on 20 October 2015 so has not yet produced any accounts. Also, the total amount of shares issued is only £10 - so you might think it might be a tad undercapitalised considering it is dealing in land shares worth potentially millions.
Hi DonkeyApple
thanks for the information below, I have been sent a large amount of information from them and although people are quick to jump on its a scam, which I thought initially I don't believe it is, could I forward what I have for you to look at please as you seem to know your stuff.
I would be purchasing from Group First not park place, so park place has no bearing on my decision, I could have easily picked another broker but was happy to use a local company. The fact the director is called Neil has no bearing on my decision either.
The original question I posted was simply had anyone done it?
thanks for the information below, I have been sent a large amount of information from them and although people are quick to jump on its a scam, which I thought initially I don't believe it is, could I forward what I have for you to look at please as you seem to know your stuff.
I would be purchasing from Group First not park place, so park place has no bearing on my decision, I could have easily picked another broker but was happy to use a local company. The fact the director is called Neil has no bearing on my decision either.
The original question I posted was simply had anyone done it?
DonkeyApple said:
Warning signs for investment scams:
Lack of trading history.
Lack of FCA regulation.
Targeting the statistically dafter end of the retail market (ie Facebook promotion etc).
Very poor website.
Lack of credible details.
2 year fixed returns is a classic scam wheeze.
Land parcels are a classic scam wheeze.
No secondary market for exit. That makes it an absolute no, regardless of legitimacy.
Why is retail investment needed? It's the most expensive money to raise and only ever a last resort when a business plan is too weak or fraudulent to attract professional money.
Lack of trading history.
Lack of FCA regulation.
Targeting the statistically dafter end of the retail market (ie Facebook promotion etc).
Very poor website.
Lack of credible details.
2 year fixed returns is a classic scam wheeze.
Land parcels are a classic scam wheeze.
No secondary market for exit. That makes it an absolute no, regardless of legitimacy.
Why is retail investment needed? It's the most expensive money to raise and only ever a last resort when a business plan is too weak or fraudulent to attract professional money.
Such cynics on this forum! Just look at the testimonials, and as for your concerns about this type of investment, well, there is an article on the website which will explain all.
http://www.parkplaceinvestments.co.uk/is-airport-p...
As mentioned earlier The Property Ombudsman (TPO) does exist - but searching its website for Park Place Investments, Park Place Investments Ltd, Park Place Investments Limited, or for Neil Finn - well, there must be a problem with TPO's website as none of those is listed as a member. Perhaps the OP could ask them.
Looks so good I'm probably a fool to stick to conventional listed equities via FCA authorised brokers... let us know how you get on - quite a lot of the testimonials refer to getting their 8% back almost immediately.
http://www.parkplaceinvestments.co.uk/is-airport-p...
As mentioned earlier The Property Ombudsman (TPO) does exist - but searching its website for Park Place Investments, Park Place Investments Ltd, Park Place Investments Limited, or for Neil Finn - well, there must be a problem with TPO's website as none of those is listed as a member. Perhaps the OP could ask them.
Looks so good I'm probably a fool to stick to conventional listed equities via FCA authorised brokers... let us know how you get on - quite a lot of the testimonials refer to getting their 8% back almost immediately.
Hi Vaud,
it looks like that, based on rental returns at the car park which then go up in year 3&4 and again in yr 5 and 6. they have stressed that their projections but again I looked at it as its Gatwick airport and 2nd runway and demand is high for parking there, already the videos that were sent from group first also provided some peace of mind too.
They have provided evidence of sales and that at Glasgow they own 7 car parks and Gatwick 4 car parks so they are growing.
it looks like that, based on rental returns at the car park which then go up in year 3&4 and again in yr 5 and 6. they have stressed that their projections but again I looked at it as its Gatwick airport and 2nd runway and demand is high for parking there, already the videos that were sent from group first also provided some peace of mind too.
They have provided evidence of sales and that at Glasgow they own 7 car parks and Gatwick 4 car parks so they are growing.
Vaud said:
Is their model guaranteed x% for 2 years then the figure is 'predicted'?
To realise your capital you would have to sell assuming a buyer can be found.
To realise your capital you would have to sell assuming a buyer can be found.
Hi,
Am I missing something with the park place being the broker?
how does that matter? my contract is with Group First and money is sent to them not park place, they have simply given me all the information I have asked for
Am I missing something with the park place being the broker?
how does that matter? my contract is with Group First and money is sent to them not park place, they have simply given me all the information I have asked for
Revisitph said:
Such cynics on this forum! Just look at the testimonials, and as for your concerns about this type of investment, well, there is an article on the website which will explain all.
http://www.parkplaceinvestments.co.uk/is-airport-p...
As mentioned earlier The Property Ombudsman (TPO) does exist - but searching its website for Park Place Investments, Park Place Investments Ltd, Park Place Investments Limited, or for Neil Finn - well, there must be a problem with TPO's website as none of those is listed as a member. Perhaps the OP could ask them.
Looks so good I'm probably a fool to stick to conventional listed equities via FCA authorised brokers... let us know how you get on - quite a lot of the testimonials refer to getting their 8% back almost immediately.
http://www.parkplaceinvestments.co.uk/is-airport-p...
As mentioned earlier The Property Ombudsman (TPO) does exist - but searching its website for Park Place Investments, Park Place Investments Ltd, Park Place Investments Limited, or for Neil Finn - well, there must be a problem with TPO's website as none of those is listed as a member. Perhaps the OP could ask them.
Looks so good I'm probably a fool to stick to conventional listed equities via FCA authorised brokers... let us know how you get on - quite a lot of the testimonials refer to getting their 8% back almost immediately.
RS6 see you said:
Hi Vaud,
it looks like that, based on rental returns at the car park which then go up in year 3&4 and again in yr 5 and 6. they have stressed that their projections but again I looked at it as its Gatwick airport and 2nd runway and demand is high for parking there, already the videos that were sent from group first also provided some peace of mind too.
They have provided evidence of sales and that at Glasgow they own 7 car parks and Gatwick 4 car parks so they are growing.
I'd advise against. Just google wither company name and "scam" for loads of impartial advice.it looks like that, based on rental returns at the car park which then go up in year 3&4 and again in yr 5 and 6. they have stressed that their projections but again I looked at it as its Gatwick airport and 2nd runway and demand is high for parking there, already the videos that were sent from group first also provided some peace of mind too.
They have provided evidence of sales and that at Glasgow they own 7 car parks and Gatwick 4 car parks so they are growing.
Projections mean nothing, and this is an unregulated investment. If you can afford to lose it all, then go for it, because your only return may be those 1st two years. Then my guess is your "space" will be in the wrong car park, at the wrong time as they continue to expand in other carparks that are newer/more desirable / more secure leaving you with a useless asset that isn't giving a return, that you can't sell.
If they are so successful there would be a buoyant 2nd market in the spaces?
Look at their storage scheme and the issues around that.
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