Invest in Glasgow Airport Parking UK

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As the parking industry’s older brother, commercial real estate continues to be sliced, diced, packaged and synthesized into complex investment securities, parking companies operate much like they did when the concrete was laid decades ago - a time when life was much more simple.

Warr ett...arguably the world ’s most successful investor

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The proposition is for an investor to purchase an individual long stay airport parking sp ace that is leased back and managed on your behalf by a well established airport parking company with over 20 years experience.

A unique feature of the investment is the on-line booking so ftware and number place recognition systems which allows for a very hands-o ff approach to benefit end users and investors alike.

Traditionally, airport car parking provides higher yields than other traditional ‘buy-to-let’ investments. The sc ale of popularity and the rise of interest in c ar park investments are exemplified by the global market size, which is estimated by Col liers to be worth $12.6 b illion.

Investors worldwide understand the need for airport ca r parking and with many car parks operating at full capacity on a daily bas is this investment is proving very popular as well as lucrative.

Park First would like to introduce a new commercialproperty opportunity designed for today’s astuteinvestor that we believe is low risk and highly profitable.

PROVEN INVESTMENT OPPORTUNITY

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Single or multiple parking spaces are available to purchase, which provide a guaranteed return within the first two years of 8% per annum. Each parking space carries a single title deed, which is registered in your own name or that of your company at the Land Registry.

Glasgow Airport is expanding, along with all other main city airports. It offers strong long-term growth due to the massive expansion of global air travel. Glasgow Airport long stay parking is an excellent commercial property investment and a fantastic way to diversify your investment portfolio.

Park First’s management team have over 20 years personal experience in airport vehicle parking, with some 6000 parking spaces under management as well as experience managing the Strathclyde Passenger Transport (SPT) car parking facility - the largest passenger transport authority outside London with over 1,000 park and ride sites.

HIGH YIELDS &CAPITAL GROWTH

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Airport car parking is at a premium and has been a long-standing,high yielding corporate investment worldwide. Park First is proudthat this investment is no longer just for the super rich, with individual parking spaces now available to purchase from just £20,000 each.



THEMASTER PLAN

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THE MASTER PLAN

Glasgow International Airport is one of the busiest airports in theUK with over 7.2 million passengers in 2012. The airport expectsdemand for long stay parking to outstrip supply in 2013.

The Glasgow Airport Draft Master Plan 2011 shows that in 2011 therewere 2,700 long stay car parking spaces. In 2011, the actual numberof long stay car parking spaces needed was 15,500 – far greaterthat the amount provided by the airport’s parking facilities. Due to theforecasted rise in passenger numbers, the report suggests that by2020 the number of long stay spaces will need to increase to 17,900to answer to the demand from travellers.

Over £200 million has been invested over the last 10 years helpingmake the airport the 2nd busiest in Scotland. Passenger numbersare projected to be over 24 million in 2030. These figures are derivedfrom econometric models produced by BAA, which are similar toindependent forecasts prepared by the Department for Transport.

Glasgow Airport is owned and operated by Heathrow Airport Holdingswhich was formerly know as BAA, they also own three other UKAirports. With over 20,000 people using Glasgow Airport each day theairport parking is in very high demand.

The evidence proves that airport car parking spaces are a solidcommercial property investment, capable of producing high-incomereturns and strong capital growth. Low cost, solid investments of thiscalibre are in short supply and are in very high demand.



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FACTSAND FIGURES 7.1 MILLIONApproximate passengers per year

20,000Approximate passengers per day

24 MillionForecasted passengers by 2030 (BAA)

17,900Forecasted demand for long stay parking spaces by 2020

2,700Airport long stay parking spaces (2011)

4,500Airport long stay parking spaces released for saleby Park First (2014)


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INVESTMENTHIGHLIGHTSPURPOSE BUILT LONG STAY SECURE AIRPORTCAR PARKING, IN CLOSE PROXIMITY TO GLASGOWINTERNATIONAL AIRPORT.

CAR PARKING SPACES WHICH HAVE BEEN SERVINGGLASGOW AIRPORT FOR OVER 15 YEARS, HAVE NOWBEEN RELEASED FOR SALE.

Park First and their management team have over 20 yearsexperience in operating purpose built car parks within majornorthern city centres and around international airports.

Park First has a unique selling point in being the first to releaseaffordable investment into airport car parking within theUnited Kingdom.

The Park First product is a solid commercial propertyinvestment. It comes firmly within HMRC’s definition of what issuitable for SIPP (Self-Invested Personal Pension) investmentand carries with it the benefit of having its own registeredtitle at the Land Registry. Each investor will have their-ownpersonal title deed following completion.


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PURCHASING MULTIPLE PARKING SPACES.

CUTTING EDGE CAR PARKING TECHNOLOGY.

WHERE ELSE CAN INVESTORS RECEIVE A 25% RISEIN CAPITAL VALUE FROM DAY ONE? As a Park First investor you will receive a 25% rise in capitalgrowth from day one on the asset value. Current RIC ’s (RoyalInstitute of Chartered Surveyors) valuations are available todownload from our investor website: parkfirst.com, thesecurrent valuations show a realisable 25% increase in valueover and above the investor purchase price paid.

Park First has introduced Automatic Number PlateRecognition (ANPR) systems, online booking facilities, on-sitevehicle valeting along with meet and greet se rvices to namebut a few state of the art car parking se rvices.

Borrowing from our experiences in business centres(Businessfirst.co.uk) and self-storage developments(Storefirst.co.uk), Park First offers perks and benefits whichone would never normally expect within the car parkingindustry.

Although our parking spaces can be purchased from only£20,000 per space, many clients will typically purchasemultiple parking spaces. Our average client ’s investment isnow around the £60,000 mark. Multiple parking spaces canbe purchased using one land regist ry title deed, this saveson completion costs on larger property portfolios.


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INVESTMENTHIGHLIGHTS6 YEAR LEASE IN PLACE UPON COMPLETION WHICHGIVES EXCELLENT GUARANTEED RETURNS.

RESALE ‘EASY OUT’ STRATEGY WITH A 25%PROJECTED PROFIT ON INITIAL INVESTMENT.

A 6-year leaseback of the car parking space(s) will be inplace upon completion. This guarantees rental income for thefirst two years at 8% net per annum. Projected returns rise to10% in years 3&4 and then to over 12% in years 5&6.

By agreement, the investor and Park First can call for thelease to be ended on the second and fourth anniversariesshould they wish to do so, eg. For re-sale purposes.

At the investor’s request, Park First will re-sell their parkingspace at anytime (subject to a 5% resale fee). Park First willmarket the parking space at a minimum 25% above the initialpurchase price to potential owner-occupiers, business usersand other investors.



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DEVELOPER BUY BACK OPTION WITHIN YEAR 5 OFPROPERTY OWNERSHIP.

SELF-INVESTED PERSONAL PENSION APPROVEDCOMMERCIAL PROPERTY INVESTMENT.

The investor may ask Park First Ltd to buy back theparking space after five years (subject to conditions).Park First Ltd will pay the investor the same price as theinvestor paid initially.This is a safety mechanism designed for extenuatingcircumstances for example; death, incapacity, financialdifficulty etc.

Her Majesty’s Revenue & Customs in the UK states certaintypes of investment are suitable for inclusion in Self-Invested Personal Pensions (SIPPs). Immovable commercialproperty containing no residential element is suitable forSIPP investment.The parking spaces are an immovable commercial propertycontaining no element of residence. It’s estimated that over£10 million worth of UK parking spaces have already beenacquired by SIPP’s within 2013, administrated by severaldifferent SIPP providers.


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INVESTMENTHIGHLIGHTSDO I CHARGE VAT TO MY TENANTS?

AIRPORTS ARE SET TO CREATE THE FASTESTGROWING DEMAND FOR PARKING THOUGHOUTTHE UNITED KINGDOM.

Park First’s investors are not obliged to charge VAT to theirtenants (under current UK law) unless their income fromthe rentals exceeds the threshold (currently £79,000 p.a.),whereas the large national car parking companies mustcharge VAT. This way the investor is always able to offer histenants a lower and much more attractive rental price.

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Glasgow Airport is expanding rapidly and will require over17,900 parking spaces by 2020 (only 2700 spaces existed in2011 *BAA).Park First is proud and excited to be in the unique positionto release the first genuine, gilt edged, low entry level airportparking investment available anywhere in the world. For alimited period only.



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“94% of travellers claim

that the Park Mark awardis important to them”

stressf reeairportparking.com


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Number of Market Sale Rental Ground Management Service Net RentalParking Place s Value Price Income Rental Fee Charge Return(Glasgow Lo ng Stay Parking ) (Per Parking Space ) (Per P arking S pace ) (£45 pe r week) (Per Annum) (15% Pe r Annum) (Per Annum) (8% Guaranteed )

Car Parking Space x 1 £25,000 £20,000 £2,340 £100 £351 £289 £1,600


Car Parking Space x 3 £75,000 £60,000 £7,020 £300 £1,053 £867 £4,800

Car Parking Space x 4 £100,000 £80,000 £9,360 £400 £1,404 £1,156 £6,400






Car Parking Space x 10 £250,000 £200,000 £23,400 £1,000 £3,510 £2,890 £16,000

Park First Ltd Market Investor Income Cost Cost Cost Net Value Price per Annum (once let) (once let) Income

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PRICE LISTYEARS 1&2 Based on an 8% guaranteed return per annum.

All parking s pace s have the benefit of an established 6 year lease via Park First Ltd with fixed upward fac ing rental reviews and bi-annual break clauses .Figures show n are for illustration purposes. A ll agreements are su bject to contact.



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Number of Market Sale Rental Ground Management Service Net RentalParking Place s Value Price Income Rental Fee Charge Return(Glasgow Lo ng Stay Parking) (Per Parking Space ) (Per Pa rking Space ) (£55 pe r week) (Per Annum) (15% Pe r Annum) (Per Annum) (10% Projected )












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PRICE LISTYEARS 3&4 Based on an 10% projected return per annum.

All parking space s have the benefit of an established 6 year lease via Park First Ltd with fixed upward fac ing rental reviews an d bi-annual break clauses.Figures shown are for illustration purposes. All agreements are su bject to contact.


“The parking industry generatesmore than $20 billion annuall y in

gross parking revenues.”International Parking Institute


Number of Market Sale Rental Ground Management Service Net RentalParking Place s Value Price Income Rental Fee Charge Return(Glasgow Long St ay Parking ) (Per Parking Space ) (Per Parking Space ) (£65 per week) (Per Annum) (15% Per Annum) (Per Annum) (12% Projected)












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Based on an 12% projected return per annum.

All parking space s have the benefit of an established 6 year lease via Park First Ltd with fixed upward fac ing rental reviews an d bi-annual break clauses.Figures shown are for illustration purposes. All agreements are su bject to contact.

PRICE LISTYEARS 5&6


SHOWCASE CINEMA

STORE FIRST

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“Car parking now accountsfor around 7% of global

airport revenues.” 2010 ACI Airport Economics survey


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Is there a single title deed?

FREQUENTLY ASKEDQUESTIONS What is the capital cost?

Is there VAT to pay oncompletion?

What rental income can Iexpect? What costs will I incur if my

parking space is vacant?

What about security?

Is this a leasehold or freeholdproperty?

Is there a single title deed? The market valuation of one car parking space is £25,000.Investors are offered the property at a discounted rate,making the wholesale price only £20.000. We believe airportlong stay parking spaces are the most cost effective parkingfacilities producing the highest yields on the market today.Multiple parking spaces can be purchased using one landregistry title deed, this saves on completion costs on largerproperty investment portfolios.

Our parking spaces are VAT exempt; therefore there is noVAT to pay on completion of your property. There is also noVAT charged on rental income of your parking space(s) aslong as your income does not exceed £79,000 per annum.

Parking space rental starts at £45 per week. The 6-yearlease in place on your parking space has fixed upwardsonly rental reviews and break clauses for both parties every2 years. This produces a guaranteed 8% yield on yourinvestment within the first two years per annum, this then ispredicted to rise to over 10% return in years 3&4 and thensurpass 12% return in years 5&6.

You will incur no management or service charge fees whileyour parking space is empty. The only fee you will incur is asmall annual ground rental payment of £100 per space.

All of our car parks have excellent security alarm systems andthe latest CCTV. Your parking space can be accessed7 days a week. All car parks have secure access entry andexit systems and are manned through out the day.

Parking spaces are sold as a 175 year long leaseholdproperty (Banks consider anything over 100 years just thesame as owning a freehold). This is the maximum leaseholdthat can be granted in Scotland.

Yes, as with all UK property purchases you will receive the‘Title Deed’ registered in your name at Land Registry aftercompletion.

Dylan Harvey Group Ltd Quebec Building Bury Street Manchester M3 7DU



“There are 30 million drivers in the UK, many of whom usetheir car each day for commuting to work, transporting

their families and carrying out social activities.”RAC Report on Motoring 2012

Park First’s car parks can vary in size from 100 up to 2,000parking spaces. All of our car parks are located in wellpopulatedareas close to major airports and city centres,they can be seen from the main roads or motorways bypotential customers.

Our in-house commercial agent will prepare a licenceagreement for tenants to sign and therefore no solicitorsare (legally) required. This makes the process simple, fast &straightforward, although you are welcome to use your own legaladvisors or commercial agents if you should choose to do so.

All parking spaces are purchased as a private commercialproperty investment. Investors are free to sell, let or managetheir own spaces at any time using any agent they choose.

Rental reviews take place every 2 years.

How many parking spacesare there per site?

Do I need to use a solicitorto prepare the leases?

When can I expect rentalreviews to take place?

Can I sell at any time?





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FREQUENTLY ASKEDQUESTIONS Can I easily resell myparking space?

What’s the exit route?

What costs will I incur whenmy parking space is let?

Where do parking spaces fitwithin my investment portfolio?

Yes, you can re-sell your parking space at any time andselling your property couldn’t be simpler. Park First canmarket your space upon your request. We believe thatbecause your property is so competitively priced whennew, they will make a very attractive sale proposition tonew investors in the future. We also expect that many endusers will wish to purchase their own parking spaces, if theyare frequent flyers/tenants, this then becomes more costeffective becoming a personal investment opportunity.

In year 5, investors have the option to enter the Park Firstbuy-back scheme. In this scheme, Park First will buy theparking space back from the investor for the original pricepaid within the next 5 years. This is a unique offer in themarket place and we are happy to be able to offer this exitroute to our investors.

We believe most investors are driven to keep the propertyinvestment they have purchased and carry on receiving therental yield produced for years to come, this means only avery limited number of parking spaces per site will ever comeonto the resale market thus creating a high sale value anddemand for the future.

A parking space is a long term asset backed incomegenerating commercial property, which has excellentprojected capital growth. Parking spaces underpin and helpdiversify any investor’s future investment portfolio.

A 15% management charge will be deducted from therental income received along with the service charge for theproperty. The annual ground rental charge is also payable, fulldetails of all these charges and the rental returns are outlinedon our current price list. All percentage returns are quotedafter management and service charges have already beendeducted, please refer to the price list within this brochure fora full detailed breakdown.

Should i charge VAT on my rental income? There is no VAT charged on the rental income of your parkingspace(s) as long as your income does not exceed £79,000per annum. If your rental income does exceed the thresholdthen you must register for VAT and charge it accordingly ifyou are a UK resident.



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“With more than 60% of people opting todrive to the airport for their holiday flight,

parking is big business.” Inte rnational Parking Institute




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DisclaimerThe information given above is not to be relied on as legal advice given to any individual. Anyoneconsidering the contents of this document should take and rely on his own independent legal andother professional advice. Park First is not authorised to give investment/tax advice and you shouldseek independent financial and legal advice on all information included in this document prior tomaking any investment decision. All forecasts are based on historical performance and are purelyindicative.The value of your property may rise or fall. No guarantees as to future performance in respect ofincome or capital growth are given either expressly or by implication and nothing expressed orimplied should be taken as a forecast of future performance. This is not an offer to participate in acollective investment scheme as defined in the Financial Services and Markets Act 2000 (section235) and as such buyers have no access to statutory or regulatory protections including the FinancialOmbudsman Service and the Financial Services Compensation Scheme. Park First is not regulatedby the FSA and is not authorised to offer advice to the general public concerning any regulated orunregulated investment.Although every care has been taken to make sure that the information in this brochure is accurate,Park First Ltd cannot accept any responsibility for mistakes or omissions. You should take yourown professional advice before taking or refraining from any action based on the contents of thisbrochure which are only intended as a general outline to the matters referred to in it.All content is under copyright and remains the property of Park First Ltd unless otherwise agreed.




information does not constitute any part of an o

contract or warrant



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Invest in Glasgow Airport Parking UK