Short-term Commercial Property Development Solutions
As a specialist parking operator VINCI Park can offer short-term parking solutions to developers and landowners in possession of vacant sites that can be considered for use as temporary car parks.
VINCI Park takes an approach of research first, action second to ensure that sites are viable and that, use of the site as a car park, will be permitted.
Our solutions include either a management agreement with some form of income/revenue share, or a short-term lease with a guaranteed rent. Typically this will be determined as much by the potential income, as by the longevity of use.
When assessing the viability of a temporary car park, it is necessary for VINCI Park to examine the demand for parking in that area and who will be the target market; short or long stay etc.. It is also necessary to understand the competition, what they charge and where customers will come from.
With any car park, regardless of the length of time that it is going to run, there are certain set up costs that cannot be avoided.This means to gain any return on investment, the car park will typically need to run for at least one year.
If there is sufficient demand, VINCI Park can help get the most out of a development and ensure a return on investment.