MANCHESTER, ENGLAND – Direct Airport Parking Investment announced a new and exciting opportunity as it makes car parking spaces at London Luton airport available to investors for the first time.
Following the highly successful sell-out of car parking spaces at London Gatwick and Glasgow airports, the Cheshire-based business is expecting spaces at London Luton to be highly sought after.
London Luton is the UK’s fastest growing major airport with increases in passenger numbers for the past 25 consecutive months. A £110million investment programme is currently in progress at London Luton to transform the airport. Contractors are already on site redeveloping the terminal building to increase annual capacity from 12 million to 18 million passengers by 2020. The planned expansion will enable the airport to handle an additional 45,000 flights per year – that’s more than 120 extra flights per day, a figure that could add up to 20,000 extra passengers every day wanting to park conveniently as they travel through Luton Airport.
The airport has also recently announced plans to build a £260million mass passenger transit (MPT) link to connect the rail station with the terminal. This link will replace the existing shuttle bus and cut journey times from St Pancras Station to around 22 minutes, bringing the airport closer to central London than both Gatwick and Stansted airports.
London Luton Airport, which is a base for airlines Easyjet, Monarch, Thomson and Ryanair, now has flights to 174 destinations worldwide. As other airlines announce new routes, passengers at London Luton Airport are benefitting from more frequent flights to a wider variety of European and Transatlantic destinations from the airport’s three terminals.
Over half of passengers who use London Luton airport arrive by car (55%). Consequently, long-stay car parking close to the airport is already in high demand that can only increase dramatically as the airport grows.
Park First, the leading provider of secure long-stay car parking alongside major airports in the UK, owns 2,000 spaces within a four minute transfer time of London Luton airport terminals. As their Master Agent, Direct Airport Parking Investment can offer opportunities to invest in car parking at London Luton airport from £25,000.
Peter Tomlinson, Senior Investment Consultant at Direct Airport Parking Investment, said: “We are really excited to be introducing our latest offer of single and multiple parking spaces adjacent to London Luton airport to private investors, particularly since it is the first time this opportunity has been brought to market.
“As the fastest growing major UK airport with clear and ambitious plans for the future, London Luton represents a very attractive investment option. Situated at the heart of a thriving regional economy with highly ambitious infrastructure plans via the £1.5 billion Luton Investment Framework, and benefitting from its proximity to central London, Luton airport can only go from strength to strength. This commercial buy-to-let property investment in car parking at London Luton airport is therefore a lucrative way for investors to diversify their investment portfolios in a high growth sector.
“22 million people live within a two hour drive of London Luton airport – that’s more than a third of the entire UK population. With rapid expansion plans already underway at London Luton, there could not be a better time to invest.”
Individual car parking spaces on Park First owned car parks at London Luton airport will be released for sale from 1 August 2016. Through Direct Airport Parking Investment, investors now have the opportunity to beat the anticipated rush and reserve their spaces from today.
Individual car park spaces are valued at £37,500. However, they are sold below market value at £25,000, giving investors significant capital growth on their asset from day one. This low risk, proven commercial buy-to-let property investment – complete with a title deed from the UK Land Registry – also offers a high yield rental income. Investors are assured of an 8% return in each of the first two years of their investment, with a predicted rise to 10% in years three and four, and 12% in years five and six. Direct Airport Parking Investment’s year three investors have already been paid returns of up to 10.8%, exceeding the predicted 10% and bettering returns offered by more traditional investments such as ISAs.
There’s no denying that investors are feeling more cautious following the result of last month’s EU referendum. Direct Airport Parking Investment believes strongly that off-airport car parking spaces provide a safe-haven investment ideal for these uncertain times, offering investors higher returns and greater certainty than more traditional safe-haven alternatives such as gold, government bonds and other currencies.