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Obsolete Car Parks: Your Next Income Stream.
Obsolete Car Parks: Your Next Income Stream.
This strategy, known as Leisure Levels, transforms underused multi-storey car parks into vital community spaces. This approach is not merely theoretical; it is based on successful, real-world models, drawing inspiration from projects like Peckham and Stratford in London and sites in Copenhagen and beyond. This proven strategy is designed to immediately address the most pressing challenges faced by local authorities today.
This strategy, known as Leisure Levels, transforms underused multi-storey car parks into vital community spaces. This approach is not merely theoretical; it is based on successful, real-world models, drawing inspiration from projects like Peckham and Stratford in London and sites in Copenhagen and beyond. This proven strategy is designed to immediately address the most pressing challenges faced by local authorities today.
Councils are burdened by three unnecessary challenges that a simple transformation can effectively remedy: the Financial Drain, where vacant, aging space incurs significant, ongoing costs including business rates and maintenance ; the Footfall Deficit, as town centres require new, compelling reasons to attract visitors and generate sustainable activity ; and the Facilities Gap, which refers to a chronic lack of accessible and affordable spaces for sports, leisure, recreation, and community gathering. The solution is a Quick, Low-Cost, Multi-Use Transformation designed for rapid deployment.
Councils are burdened by three unnecessary challenges that a simple transformation can effectively remedy: the Financial Drain, where vacant, aging space incurs significant, ongoing costs including business rates and maintenance ; the Footfall Deficit, as town centres require new, compelling reasons to attract visitors and generate sustainable activity ; and the Facilities Gap, which refers to a chronic lack of accessible and affordable spaces for sports, leisure, recreation, and community gathering. The solution is a Quick, Low-Cost, Multi-Use Transformation designed for rapid deployment.
The core Revenue Model repurposes upper floors into high-demand spaces. These flexible areas accommodate Sport & Play (e.g., skating, pickleball, yoga, bowls), Events & Culture (e.g., markets and exhibitions), and Hospitality (e.g., destination cafés/bars with panoramic views). The key to the model’s robust financial strength is the creation of a sustainable, self-sustaining operation working with zero business rates on the repurposed floors under a charity model.
The core Revenue Model repurposes upper floors into high-demand spaces. These flexible areas accommodate Sport & Play (e.g., skating, pickleball, yoga, bowls), Events & Culture (e.g., markets and exhibitions), and Hospitality (e.g., destination cafés/bars with panoramic views). The key to the model’s robust financial strength is the creation of a sustainable, self-sustaining operation working with zero business rates on the repurposed floors under a charity model.
This rigorous approach delivers a demonstrable Rapid Return on investment. The model projects a typical net financial gain of approximately £300,000 to £350,000+ over five years, after all capital costs are accounted for. This net financial gain is intended to be shared by the council and an appropriate local charity for reinvestment in health, wellbeing, and community facilities. A single car park model estimates an annual net financial gain of £105,000, leading to a potential net gain of £315,000 after five years.
This rigorous approach delivers a demonstrable Rapid Return on investment. The model projects a typical net financial gain of approximately £300,000 to £350,000+ over five years, after all capital costs are accounted for. This net financial gain is intended to be shared by the council and an appropriate local charity for reinvestment in health, wellbeing, and community facilities. A single car park model estimates an annual net financial gain of £105,000, leading to a potential net gain of £315,000 after five years.
If your local authority requires an experienced delivery partner to translate these obsolete assets into visible, financially sustainable community success, we would be pleased to provide further detail. Please contact us to arrange an informal discussion and to explore how Leisure Levels can address your most urgent financial and community challenges.
If your local authority requires an experienced delivery partner to translate these obsolete assets into visible, financially sustainable community success, we would be pleased to provide further detail. Please contact us to arrange an informal discussion and to explore how Leisure Levels can address your most urgent financial and community challenges.
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