For developers & owners
Turning parking into predictable income
Parking is often the largest piece of uncontracted income in your asset. We turn it into a lease on your rent roll.
Parking is often the largest piece of uncontracted income in your asset. It creates three headaches: volatile revenue, valuers who discount it, and operational problems that keep landing on your desk.
To see the mechanics behind the lease, read our model. For sector-specific examples, visit where we focus.
We turn parking from a management headache into a lease on your rent roll.
When owners call us
We get brought in when parking has become a problem nobody wants to own. Valuers are discounting it. Tenants are complaining. There's operational friction that keeps escalating. The car park matters to the asset, but nobody wants to run it.
Management agreements don't fix this. They just move the complaints around.
What we do instead
We don't sell management services. We lease the parking asset and run it as our own business. You get contracted rent. We handle everything else.
The question stops being "how do we optimise parking revenue?" and becomes "how do we turn this into predictable, bankable income?"
What you get
Contracted income
Fixed rent under a lease. Annual escalations built in. Income grows without renegotiation.
No operational exposure
Pricing managed by us within agreed guardrails. No utilisation risk. No complaints, no enforcement headaches, no equipment repairs. That's all on us.
Better capital treatment
Valuers treat contracted rent differently from variable parking revenue. Lender conversations get simpler. Refinancing gets easier.
Parking stops being a line item you have to explain. It becomes rent.
Where this works best
Our model fits assets where income certainty matters more than chasing marginal revenue upside. Private hospitals, commercial offices, mixed-use developments, shopping centres, and greenfield sites approaching stabilisation.
If you're not sure whether your site fits, we're happy to take a look.
Greenfield and staged developments
Leasing parking before demand is proven is risky. We're willing to take that risk where it's priced fairly.
But parking demand is often affected by things you control: construction delays, access restrictions, staff policies, partial tenancy. If those factors are suppressing demand, we can't carry that risk at full rent.
Where owner-controlled factors affect demand, we build in temporary adjustments. They're defined upfront, time-limited, and disappear once the site stabilises.
We take parking risk. We don't take construction or leasing risk.
Management vs lease
| Traditional model | SureSpot model |
|---|---|
| Management agreement | Lease |
| Variable income | Contracted rent |
| Owner retains risk | Risk sits with tenant |
| Operator incentivised on revenue | Operator incentivised on efficiency |
| Parking remains "other income" | Parking treated as yield |
How we get started
We move from first conversation to heads of agreement in weeks, not months.
Initial discussion
High-level review of the asset, parking supply and demand drivers.
Indicative structure
Lease range, term assumptions and stabilisation logic where applicable.
Heads of Terms
Commercial alignment prior to legal documentation.
Lease execution
Clean, lender-friendly documentation—financing conversations move faster.
We don't do RFPs or competitive tenders. If the site fits, we make an offer.
What we need early
To move quickly, we need clarity on bay counts, allocation rules, access rights, staff parking policies, and any staging timelines or known constraints. The clearer the inputs, the faster we can move.
When we're not the right fit
If you need to retain pricing direction on a day-to-day basis, chase maximum revenue, or just need someone to run the equipment while you keep the income risk, we're probably not the right operator. We're selective about where our model applies.
Why we're different
The big parking operators make their money from management fees. Low risk, predictable revenue, pass everything back to the owner. We built SureSpot to do the deals they won't—leasing parking assets, absorbing operating risk, and turning your car park into contracted rent.
Got a site we should look at?
If you're developing, repositioning, or just tired of managing your car park, let's talk. No pitch deck, just a conversation about whether your site is a fit.
Start a conversation