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Thread: Carparks

  1. #11
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    New to this forum stuff so I hope I've got this right. We've sold some investment property down south and are thinking of investing in carparks in the Nth Island . Are there any specialist agents in Auck/Wellington who deal with carparks?

  2. #12
    FEAR n GREED JBmurc's Avatar
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    quote:Originally posted by dunnos

    New to this forum stuff so I hope I've got this right. We've sold some investment property down south and are thinking of investing in carparks in the Nth Island . Are there any specialist agents in Auck/Wellington who deal with carparks?
    Carparks[|)] wouldn,t be selling if the property was way down south in southland(NZ,s texas)
    be gutted when Exxon mobil&shell Take up the GSB permits soon to be annouced.
    Whats the yeilds like on a piece of tarmac[?]good cap growth
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  3. #13
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    Carparks[|)] wouldn,t be selling if the property was way down south in southland(NZ,s texas)
    be gutted when Exxon mobil&shell Take up the GSB permits soon to be annouced.
    Whats the yeilds like on a piece of tarmac[?]good cap growth

    I take your point. We own some coastal property nth of Dunedin and wouldn't sell but we are moving back up Nth adn don't want to be an absentee landlord. Luckily we're well out of the way of planned exploration.

    Not sure about retruns on carpark investments. Can't seem to get any facts or figures. Do you know where I'd get this sort of info?


  4. #14
    FEAR n GREED JBmurc's Avatar
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    -Don,t forget -TAPs permit just offshore dunedin cutter#1 will be drilled soon just North of dunedin close to Oamaru's coast.

    -Cutter-1* PEP 38259 40.00% 50-80 mmbbls oil 3Q 06
    -Barque-1* PEP 38259 40.00% 5-6 Tcf + 500 mmbbls gas/condensate TBA

    some massive est. if even half of est. of cutter or Barque comes were talking some huge $$$$$ value for TAP and the surrounding area.

    -might have to buy some Oamaru property

    JBMURC-will be holding TAP soon cheap buying at 1.90

    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  5. #15
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    thought I'd bump this thread.... I may have an opportunity to purchase another carpark which I know I can easily rent out for $40 maybe 50.
    What with the change in the economy since this thread was invoked whats it worth in your estimation?
    It seems to me that knowing what it can earn makes valuation pretty straight forward all that necessary is to know what PE or yield I should expect ?
    For clarity, nothing I say is advice....

  6. #16
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    Depends on the location. In Newmarket for that rent the carparks sell for around $35000 plus or minus $5000. Check out Trademe or carpark.co.nz for simliar car parks for sale.

  7. #17
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    Auckland CBD very central 100m to High St.
    slightly difficult access (narrow entrance) but its secure and covered and available 24/7 with a remote.
    forgot about carpark.co.nz so yeh thanks for that.
    not many for actual sale.
    For clarity, nothing I say is advice....

  8. #18
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    Hey guys, what would be the best way to rent carparks out? I may be coming into possession of one soon.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  9. #19
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    put a sign up in the building. thats what I do.

    a carpark recently sold in my bldg for 50k which seems a lot considering return is only $50 a week but I guess its %5. no effort investment coz nothing ever goes wrong with a carpark,
    For clarity, nothing I say is advice....

  10. #20
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    Quote Originally Posted by AMR View Post
    Hey guys, what would be the best way to rent carparks out? I may be coming into possession of one soon.

    Could be a bit much information there to answer that in one fell-swoop.

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