Why do investors invest in airport parking spaces? – Aston Darby Analysed

For years now the UK has attracted investors looking to invest in airport parking spaces from both domestic and international speculators. There is one particular sector which has gained momentum and shows no sign of slowing down, investors invest in airport parking spaces because of the high yields and the limited time and effort required to manage the asset.

Of course, there is a variety of reasons as to why this particular asset class is able to stand head and shoulders above the other niche sectors such as hotel rooms, care homes, student accommodation and others.

Invest in Airport Parking Spaces

Invest in Airport Parking Spaces

The big question we want to answer is:

Why do investors invest in airport parking spaces?

Everybody understands the need for parking in prime locations, the concept is actually simple and there is no re-inventing of the wheel so to speak. This type of investment is all about taking an asset which requires some work and then adding value by redevelopment. Stable and in-demand sites such as airport car parks are prime for property developers to do what they do best.

There are many companies operating in this space because of the high rental demand from end users wanting to park their cars. Where there is demand there will be a service which needs to be provided.

Having years of experience and a track record when it comes to managing property based investments is where Leigh Heywood and the team at Aston Darby come in. There are a partner of FJP Investment and we introduce investors to them who then go on to purchase individual parking spaces on a buy-to-let basis.

Aston Darby have started their first car park investment in March 2017 which sold out in a short period of time and they have since gone on to manage their second and exclusively owned airport car park at Glasgow International Airport. They have there eyes firmly on expansion and will shortly be announcing the launch of car park investments at Newcastle and Edinburgh airports.

With a high yield and a competitive product coupled with excellent customer service – it certainly makes for a recipe for success especially when you have scalability in the sense of taking on new sites across multiple airports throughout the United Kingdom.

Aston Darby Car Park Investment

Aston Darby Car Park Investment

Aston Darby are constantly looking at car parks and conducting feasibility studies to ensure that the model is one that has a high chance of success when put in front of an investor.

Sites which have the right number of spaces along with existing planning permission is particularly important when it comes to selecting the right car park investment.

Investors are paid a fixed return for the first two years and they then switch to a scheme where they get an equal share in all of the profits and the actual returns are based on the entire car park itself. If you are looking to invest in airport parking spaces then you can certainly make contact with FJP Investment and we will provide a detailed reason for why you should be considering this as an option.

The reason investors are particularly interested in investing in car parking spaces is because they get a title deed just like they would purchasing any other property. The title deed is the absolute guarantee that what the investor is purchasing is his and owned by him or her. Glasgow airport has a regular update on passenger numbers and it clearly shows that with 52 months of consecutive growth, our airport car park is very much in demand.

How do you invest in airport parking spaces?

The background of the management team behind the Aston Darby car park investment is somewhat impressive. The team are from a property investment background and have sold and developed hundreds of millions of pounds worth of UK and International property developments. This experience automatically translates to car park investments as it is a simple case of taking an under-utilised property asset and adding value by improvement.

Investors are able to learn more about Aston Darby and invest in airport parking by registering their interest here.


Aston Darby Car Park Investment Review

We all understand the necessity for finding space to park our cars, we also understand the convenience of being able to park our cars at the airport when we go away on holidays or business trips. There is a property developer based in Bolton called Aston Darby which we have been working with for about six months, this company has successfully launched airport car park investments at Manchester and Glasgow. The Manchester site is already sold out and the Glasgow site has a few hundred spaces remaining.

Future releases – Aston Darby

Aston Darby are working on a few new sites to add to their existing portfolio of airport car parks. These sites confirmed are Newcastle Airport and Edinburgh Airport and we are expecting the release of these once we have sold out on the remaining spaces at Glasgow International Airport.

Aston Darby Car Park Investment Review

Investors are able to purchase individual parking spaces in the car park at Harbour Road, Glasgow Airport for £25,000 each. Investors then sub lease the parking spaces back to Aston Darby who in turn go out and manage the car park for the first two years. The investors are Guaranteed 11% return for the first three years (was previously two years) and there are a whole raft of measures in place such as the investor becoming a shareholder within the management company – options to vote on how your car park is managed such as electing the security company, electing the cleaning service provider etc etc.

By becoming a shareholder within the management company, you along with all of the other investors retain control of the asset – if you are not happy with something, it’ll be put to a vote and collectively you would be able to vote on what you want to happen. Retaining control of the management company is somewhat revolutionary as it ultimately gives you the power to decide what happens and you then have the management company act upon your wishes.

When making your purchase at £25,000 you will also have access to a recent Valuation Report which came in above the £30,000 mark – thus you are acquiring the spaces BMV (Below Market Value).

All investment is specifically assigned to a car park space. Each investor will be a director of the management company and will control the team to maximise the returns from their ownership of the car parking space.

All profits will be paid direct and there will be no third party taking a share.

International airports across the globe are facilitating unprecedented growth in their associated car parks owing to high increasing passenger numbers. Frost & Sullivan now estimate that the airport car parking provision is a £80bn industry supported by commercial and private investment.

Full title deed is provided to the investor with a 175 year lease.

Highlights of the Airport Parking Investment

  • Existing airport car park acquired.
  • Planning permission granted.
  • Redevelopment investment of £1m to build a state-of-the-art fully automated car park facility.
  • Operating Glasgow Airport passenger shuttle service – car park to terminals.
  • 1 mile and 3 minutes drive to Airport.
  • Full 24 hour Security System and CCTV.
  • RICs valuation.
  • Each car park space has HM Land Registry.

What to do next? – how to invest in airport parking

Deciding to find out more about airport parking investments is the first step in your journey to becoming a Landlord of a parking space at an airport. Aston Darby are a great developer with a great management team in place to see the job through – full information about Aston Darby and this car park investment can be found on the Car Park Investment page.