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Buying a Car Park Space
mssloan
Posts: 67 Forumite
I have seen ads for "investment opportunities" involving buying car parking specs at places like Glasgow Airport, offering 8% returns. These sound a bit too good to be true. Are they?
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Comments
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Have you got an answer for why they would pay a private investor 8% when they can get banks loans at 4-6%, and could pocket all the profit themselves?Something smells very bad there.0
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yes , seen these before , unregulated area the scammers are now moving into with inflated/hyped return %Ex forum ambassador
Long term forum member0 -
from one of the many sites offering these
not licensed or regulated by the Financial Conduct Authority and does not provide financial advice. We strongly recommend that you seek appropriate professional advice before entering into any contract.
and from another
Do I need to use a solicitor to
prepare the leases/contracts?
Our in-house commercial agent will prepare a licence
agreement/contract for customers to sign and therefore no
solicitors are (legally) required
Ex forum ambassador
Long term forum member0 -
Unregulated investments which give no consumer protection when they go wrong. Your instinct was correct - best to avoid.I have seen ads for "investment opportunities" involving buying car parking specs at places like Glasgow Airport, offering 8% returns. These sound a bit too good to be true. Are they?Stephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0 -
Archi_Bald wrote: »Something smells very bad there.
Thats Glasgow Airport for you.
Regarding the "investment", it is at best unregulated and at worst potentially a scam.0 -
Purely out of interest, what was the name of the company or scheme offering these "investment opportunities"?0
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