Parking spaces?

[Undervalued]

A mate of mine is exuberant about parking spaces as investments. I wanted to get feedback from anyone on this boards on this. Personally, my gut feel tells me no, but reasoning through I can come up with access to credit as the only major potential downside (do banks offer the same LVRs for parking spaces???), apart from lack of emotional buyers to drive capital growth over time. The economics are different , but not that different to leasehold flats.

Thoughts much appreciated.

 

[Ace in the Hole]

What are the yields?

 

[marg4000]

Check expenses.

These were all the go some years ago until the councils got into the act. They levied individual full council rates on each and every car park (as owners were all different), which ate into returns significantly.
Marg

 

[Tools]

They don't seem to be very liquid and can sit on the market for a long long time when you want to sell.


Tools