PHOTO: Don’t pay for parking – buy a parking space! Taplin Real Estate’s Geoff Cooney in one of the parking spaces available at 200 Pirie St, Adelaide. PIC TAIT SCHMAAL. Source: News Limited
IT might not have kerb appeal but there’s one property investment that’s almost certain to attract visitors.
Buying a carpark could also prove a to be a wheelie good deal for one shrewd buyer.
Geoff Cooney of Taplin Real Estate is selling parking spaces from $48,000 in the Hindmarsh Square Car Park at 200 Pirie St.
He said carparks were profitable and required little capital outlay compared with traditional city real estate investments.
“They’ve come of age to the smaller investors now because the city has a lot more office space being created,” Mr Cooney said.
“What’s also fuelling this interest is that the number of high-rise apartment buildings has really reduced the number of low-level or ground level sites – and a lot of these don’t have carparks.
READ MORE VIA NEWS.COM.AU