United Arab Emirates
Car Park Investment - 41 level Commercial Tower | Business Bay, Dubai
NEW RELEASE: 12th December 2011
Investment Summary:
One of the fastest growing cities in the world, Dubai needs to increase its parking infrastructure to meet the influx of commuters, professionals and residents flooding in to the city to live and work. With demand for parking spaces far outstripping supply, this type of commercial investment opportunity offers high returns for minimal maintenance costs. On this investment, rental income for the first four years is guaranteed by the developer.
Car parking spaces make an ideal low-cost entry to the commercial property investment market. Parking is an extremely versatile investment option, enabling owners to buy and rent out the number of spaces that meet their investment aspirations. Whether you want to invest in two spaces or more, this opportunity puts you in full control..
Key Investment Points
- Investment opportunities available from £26,000 per parking space
- Minimum purchase of 2 spaces per investor
- 25.71% below RICS valuation
- Purchase on a 99-year lease
- For first four years income guaranteed
- Returns paid quarterly
- Building and car park complete, with office occupation at 85%
- Located in Central Business District
- Growing geographical location
- Maintenance-free property asset
- Management company has over 20 years experience of car park management
- No agent's fees
- Structures Exit Strategy
- SIPP approved investment
Location
For car parking spaces, location is a key factor. The best car parking investments are based in city locations with high demand from employees, employers and residents. With planned investment of over $30 billion, it is anticipated that Dubai's popular Business Bay area will become home to over 300,000 residents, employers and employees.
Located close to Sheik Zayed Road, the newly constructed Citadel Commercial Tower is a development offering commercial offices and retail space. The building houses over 2,500 employees. The car parking facility allocates a parking space to each tenant.
Development
This centrally-located car parking facility makes an ideal investment opportunity for investors who want to remain hands-free. Investors purchase individual car parking spaces. The parking spaces are then leased back to a management company that operates the parking space on the investor's behalf.
The management company has over 20 years experience in the parking sector and currently operates other parking facilities in Dubai. The developer guarantees an initial income for four years.
Ease of Purchase
Each parking space within the development can be purchased for £26,000, with a minimum purchase of two parking spaces per investor. A recent RICS valuation estimated the value of each parking space at £35,000. Sold on a 99-year lease, these parking spaces are available at 25.71% below RICS valuation.
Exit Strategy
The value of these parking spaces is maintained over time as higher rents are charged each year. Owners can sell their parking space at any time, including within the guaranteed income period. Owners can be certain that a viable exit strategy is in place.
What next?
For detailed information on this unmissable investment please contact us by filling out the form below or calling us +44 (0)203 287 8727. We can send you:
- A Comprehensive Investor Report.
- Availability, Price List, Floor Plans.
- Details on the Guaranteed Rental.
- Further information on Guaranteed Returns and Long-Term Growth.
Please ask us any questions you have, we are happy to help.