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New parking space price guide launched by Park Let

Thursday, 12 March 2009 3:15 PM

A new online car park pricing guide has been launched by Park Let to calculate the market value of how much parking spaces and garages are renting for in a specific area.

The UK's largest parking space letting agent, Park Let, says the online guide is the first real-time, location-specific tool available in the UK.

It is based on both current contracts and advertised spaces, allowing both prospective landlords and tenants to calculate the true market value of how much parking spaces and garages are renting for today in their area. The tool is completely free to use and no site registration is required.

The Park Let pricing tool categorises spaces into low, medium and high pricing brackets, to give users further breakdown of contract values in the area dependent on factors such as security, proximity to facilities or congestion zones.

Luke Kelly, managing director of Park Let, said: "In the current economy most people are either looking for ways to either reduce outgoings or make additional income and so this tool is aimed at both motorists and people or organisations with idle parking spaces.

"As the number of motorists continues to rise, there is real money to be made from letting out parking spaces in busy locations. Private rental of parking spaces really is a win-win situation: landlords earn money from vacant spaces and the car owner saves money and has a guaranteed lot every day."

Park Let has over 10,000 rental contracts in place and over 16,000 parking spaces available to rent immediately across the UK.

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