hampshire
2021-12-09 11:42:19
- #1
The idea of building a central underground parking garage for several residential units is understandable. When the metal boxes are underground, there is more space for essential things on the property. The conditions for such a construction are unfavorable, as basements under an existing house are significantly more complex than open underground construction. The approval is questionable. A plausibility check on the costs: Underground parking spaces in larger facilities built with conventional methods currently cost about €30,000 each per a brief research. You are building a smaller facility, say for 20 cars, so traffic areas and access facilities per parking space have a stronger impact. Estimate +60% You are building underneath a building and therefore have more complex technology. Estimate: +80% 30,000 x 1.6 x 1.8 = €86,400 per parking space Times 20 parking spaces = €1,728,000 If you rent the parking space for €120/month, you would have rental income of €24,000 per year without self-use and losses. The ratio does not look very lucrative. All assumptions are without guarantee; it is only a possible approximation.