When I previously wrote about buying a town centre car park for sale I had no idea of the huge interest in investing in this area of the market.
Since then, I have been flooded with requests for more information about car parks for sale. Now, I have to hold my hands up – I am not a car park expert – however I feel I should do my bit for all of you who are interested in buying and investing in a car park for sale.
So here is my auction round up of car parks for sale in the UK. All car parks are being sold at upcoming property auctions shortly. I have provided details of the auctioneers, so if you are interested – please contact the auctioneer direct.
Lastly, I would love to hear of any car park success stories – so if you do get lucky – please do share your story 🙂
Happy bidding!
Former Car Park at Brunswick Street, Luton, LU2 0DF
Guide: £60,000+
Auctioneer: Allsop (lot 27)
A Freehold Former Car Park extending to Approximately 0.068 Hectares (0.169 Acres). The Property affords Possible Development Potential subject to obtaining all necessary consents
BY ORDER OF Luton borough council
Tenure
Freehold.
Location
The property is situated on the south side of Brunswick Street to the west of its junction with Back Street. A range of local shops are available close by on High Town Road with the further and more extensive amenities and shopping facilities of Luton town centre also being situated close by. Rail services run from Luton Station and both the A6 and A505, which provides access to the M1 Motorway, are close by. London Luton International Airport is also located within easy reach as are the open spaces of Stockwood Park.
Description
The property comprises a roughly rectangular site extending to approximately 0.068 hectares (0.169 acres).
The property slopes gently down towards Back Street, is hardstanding and is currently arranged as a pay and display car park with 21 marked out spaces. The property affords potential for development subject to obtaining all necessary consents.
Accommodation
Site Area: Approximately 0.068 Hectares (0.169 Acres)
Car Park and Garages at Bishopswood Road, Tadley, Hampshire, RG26 4HQ
Guide: £10,000+
Auctioneer: Romans (lot 11)
- Road, forecourt & garages
- Residential area
- Good letting investment
An area of land including a forecourt, parking spaces and garages providing potential for the erection of further garages – great letting potential.
TO VIEW
The site can be viewed at any reasonable time.
LOCATION
* High density residential area * Good access to Tadley centre * Good access to M3 and M4
DESCRIPTION
* Roadway and garage forecourt * 8 parking spaces comprising 4 garages and 4 vacant parking spaces * Rental investment opportunity
TENURE
Freehold with vacant possession
LOCAL AUTHORITY
Basingstoke and Deane Borough Council – 01256 844 844
Oates Street Car Park, Dewsbury, West Yorkshire, WF13 1BB
Guide: £170,000-£200,000
Auctioneer: Pugh Auctions (lot 104)
part vacant freehold car park investment producing £22,000 per annum
Location
The site is located on Oates Street in Dewsbury town centre. Oates Street is accessed via Daisy Hill and Union Street.
Description
The site comprises a tarmac surfaced car park which is mainly rectangular in shape. The car park is currently configured to provide 31 designated bays. The site is bounded by stone curbing on all sides.
Site Area
Approximately 700 sq m (837 sq yds).
Tenure
Freehold.
Tenancy
We understand the car park is currently producing a gross income of approximately £22,000 per annum. There are long standing agreements in place on approximately 22 of the 31 spaces. However, there are no written contracts and the agreements are made on informal terms. If the vacant spaces were let on terms similar to those currently occupied the Vendor informs us that the car park could produce an income of approximately £35,000.
Freehold Car Park, Chapel Street, Luton, Bedfordshire, LU1 5DA
Guide: £TBC
Auctioneer: Allsop (lot 193)
• Site area approximately 0.074 Hectares (0.183 Acres)
• Subject to a Tenancy
• Possible Development Potential subject to obtaining all necessary consents. On the instructions of J Gershinson FRICS and L Brooks MRICS of Allsop LLP acting as Joint Fixed Charge Receivers
Tenure
Freehold.
Location
The property is situated on the east side of Chapel Street to the south of its junction with Victoria Street. An extensive range of local amenities and shopping facilities are readily accessible in Luton town centre. Rail services run from Luton Station and both the A6 and A505 which provides access to the M1 Motorway are close by. London Luton International Airport is also located within easy reach as are the open spaces of Stockwood Park.
Description
The property comprises a broadly rectangular site extending to approximately 0.074 hectares (0.183 acres). The property is hardstanding and is currently used as a permit holder’s car park which is stepped to provide parking over two levels for approximately 20 vehicles. The property may afford potential for development subject to obtaining all necessary consents.
Accommodation
Site Area Approximately 0.074 Hectares (0.183 Acres)
Tenancy
The Receivers understand that the property is subject to 22 car parking licences at a licence fee of £500 per annum each (totalling approximately £11,000 per annum). The Receivers do not hold copies of the licences and the terms are unknown. There are a total of 25 possible car parking spaces at the property.
If you want to read more about the latest property I bought (and my renovation diary!) please read: Diary of a Property Renovation
Here I write about my real life experiment of selling the property Online vs. a high street estate agent
And also, I have an update here on the best way to sell a property: Online vs. High street estate agents
Julie
Today I was passing a car park in London with my friend and he said, that this is the easiest way to make money in the town. I don’t know where he got this idea from, but apparently he thought about it for a while!
Maybe it’s an every man’s sweet dream – to own a car park. I would not even pay attention to that place. I did not pay attention to this post until I’ve heard his remark. And now I’m thinking about a car park too)
Sam
Julie, thanks for your comment and interesting you are now going to look at car parks for sale!! Out of interest, what turns your friend on about owning a car park? I’d be interested to know more
Julie
My friend’s replay: “just speculating, thought it might be a lucrative project, but probably loads of hidden costs (licenses, security e.t.c.) I’ve got my mind on other ventures. I think it’s every “real” dudes dream to own a garage, wear denim all the time like Jay Leno and work with wrenches:)”
I don’t drive, so don’t really know about this side of life. When I wrote “I’m thinking about a car park too” I meant “I feel that I’m missing out something”)
But I would love to be a niche investor)
Sam
Hi Julie, Thanks for sharing.
You mention you would love to be a “niche investor” – what sort of thing did you have in mind?
Dan Jukes
Sam,
Which website did you find these sites on?
Dan
Sam
Dan, all the auctioneer’s are hyperlinked so you can check the sources. The car parks were for sale at auction with various auction houses and I compiled this post myself based upon what car parks I saw were going to be sold at auction.
m newaz
Can you update me with any car parks for sale in the united kingdom. i heard it is a good investment. i would like the car park located in a good area. i need your expertise appreciated, thank you.
Sam
Thanks – the property auction season is quiet in August. Will do a new car park post soon, when more come to the market.
Richard Atkinson
I am intrested in buying one acre car park / land in Wales / Cheshire borders. Please can anyone help
Sam
Richard, sorry I am currently on sabbatical and so am not posting deals.