Neglect Assist concerned by airport parking investment scheme
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Tim Wixted, director at Neglect Assist told the Financial Times that an airport parking investment offer smacked of a scheme that is “doomed to fail.”
Car parking spaces at London Gatwick airport are being offered for £25,000 each with a “guaranteed” 8 per cent yield.
But Mr Wixted warned that: “There is no liquid market – indeed there is probably no market whatsoever for the sale of airport parking spaces.” He said that the guaranteed teaser rate smacked of a scheme that is “doomed to fail.”
You can read the complete article at: http://www.ft.com/cms/s/0/8eb1c172-3781-11e5-b05b-b01debd57852.html#axzz3hr8nTS80
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