These FAQs are designed to provide a better understanding of our Park and Fly Zagreb project. If you have additional questions, please contact your advisor or contact us directly.
Can I sell at any time?
All parking spaces are purchased as a private commercial property investment. Investors are free to sell, let or manage their own spaces at any time using any agent they choose.
Where do parking spaces fit within my investment portfolio?
A parking space is a long term asset backed income-generating commercial property, which has excellent projected capital growth. Parking spaces underpin and help diversify any investors future investment portfolio.
What is the capital cost?
The market valuation of one car parking space is EURO 25,000. Investors are offered the property at this discounted rate and we believe airport long stay parking spaces are the most cost effective parking facilities producing the highest yields on the market today. Multiple parking spaces can be purchased using one land registry title deed. This saves on completion costs on larger property investment portfolios.
What rental income can I expect?
The average use of airport parking is expected to be 5 days. Zagreb Airports official rates indicate that they charge the equivalent of EUR 345 per month. Park and Fly Zagrebs parking space rental is anticipated to start at EURO 210 per month and increase towards EUR 250 in the future. The actual amounts will be determined by local supply and demand.
What costs will I incur when my parking space is let?
A management charge will be deducted from the rental income received along with the service charge for the property. The annual service charge is also payable, full details of all these charges and the rental returns are outlined on our current price list. All percentage returns are quoted after management and service charges have already been deducted. Please refer to the contact for a full detailed breakdown.
Is there a single title deed?
Yes, as with all Croatian property purchases you will receive the ‘Title Deed’ registered in your name at Land Registry after completion.
What about security?
All of our car parks have excellent security alarm systems and the latest CCTV. Your parking space can be accessed 7 days a week. All car parks have secure access entry and exit systems and are manned throughout the day.