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Development land, Farringdon

Location:

Farringdon, London

Site specs:

16 spaces

Solution:

Drive-up, pre-book

Sector

Commercial Property

This plot of land, big enough for 16 cars, was in the heart of Farringdon. While the developer was waiting for planning permission, he realised this vacant space could be a valuable revenue generator and give Farringdon workers a place to park.

The solution

We paid a fixed rate to the developer with a short break clause in the contract, making sure he could start the building work as soon as he got planning permission. We turned the space into a fully managed car park. This included professionally cleaning the site and covering a manhole, so it was safe for the public. Drivers could drive up or pre-book this space by using our app.

The results

  • The car park reached an average occupancy of 95%
  • Customers gave the space 4.9 stars out of 5 (based on 500+ reviews)
  • We paid the developer a fixed monthly fee

“JustPark helped us in creating a new revenue stream from our site awaiting development. We are really pleased with the smooth setup and ongoing management, and have seen excellent returns from our 16 new spaces.”

Jamie Lauder

Director, Sennen Capital Ltd

“JustPark helped us in creating a new revenue stream from our site awaiting development. We are really pleased with the smooth setup and ongoing management, and have seen excellent returns from our 16 new spaces.”

Jamie Lauder

Director, Sennen Capital Ltd

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+44 (0) 1375 807 213