Record Breaking Car Park Lease Agreement Signed

December 18, 2015




Australia’s Number 1 Car Parking marketplace has announced a new record car park booking. A new parking lease was signed this week for a 12 month booking, totalling $8,580 or $165 a week for the exclusive 24/7 secure parking space on York Street in Sydney.

Parkhound co-founder Michael Nuciforo said that this was a record deal in a record breaking year. “We have conducted over $1.5 million worth of car park bookings this year alone, and this particular deal was a new record for an individual lease”.

With the parking space located inside an apartment block opposite Wynyard Train Station, Mr Nuciforo said there was plenty of demand even at the $165 weekly asking price. “We had over 3 drivers bidding at the same time for this parking space within 24 hours of it coming onto the market”.

Mr Nuciforo added that some drivers were purely motivated by convenience, “When you look at the price of other parking options nearby and then factor in the risk of getting a parking fine or not finding a space at all, booking your own parking space is a very convenient option”.

Sydney resident, Amy, the owner of the parking space was obviously pleased with the deal. “I have received plenty of shorter-term bookings before but I was not expecting a 12 month lease for a car park of this value. It just goes to show how keen motorists are to lock in a parking space of their own”.

Mr Nuciforo said a lot of drivers were looking to lock in longer term parking when they returned to work in the New Year, “December, January and February are especially busy months for us with many workers looking to lock in their parking arrangements for next year. It’s a great time to lease your parking space if you have a spare car park with your apartment, house or business”.

Parkhound, which operates a marketplace where members can easily exchange and lease parking spaces with other drivers, has over 5,000 parking spaces across the country for drivers to select from. The average booking value is $55 a week.

About Parkhound
Parkhound is an online community where members can easily exchange and lease parking spaces with other drivers. Local residents make money from leasing a parking space and drivers get a cost effective and hassle free parking experience.

For further information
Michael Nuciforo, Co-founder
+61 466 910 446