A Car Park Initial Review is a comprehensive review of the Car Park’s wellbeing focusing on five key areas: financial, operational, customer experience, contract compliance and community connection.

Parking Asset Advisory inspects all elements of your Car Park and provides recommendations to optimise returns, improve efficiency, enhance customer experience, minimise risk and maximise value during the Tender process.

Many existing rents were established during COVID so, to maximise the value of the Car Park, it is prudent to test the market by running a formal Tender Process. This results in a competitive environment, ultimately providing the best outcome for the Car Park owner—with the added assurance that an independent process was followed and that rental returns are the highest possible for the current market.

Strategy development includes in-depth discussion and review across all aspects of your Car Park. Please see further detail below.

The Quarterly Business Review typically commences post-tender and is an ongoing and regular review of the five key areas of a carpark: financial, operational, customer experience, contract compliance and community connection.

Car Parks are active assets which require constant monitoring and proactive action.  Regardless if a leased or management deal is secured, the revenue and customer experience has an impact on the entire asset.  Therefore, we recommend regular reviews to ensure the Car Park Asset is being maximised.

Any other potential or unrealised solutions available to boost your carpark revenue including: revenue review, parking levy assistance, contract negotiations, market return assessment, forecast modelling, due diligence for buying or selling Car Park assets.

Wondering if Parking Asset Advisory can add value to your Car Park?