Roymondo:
But how much are the business rates on a site of that size in such a prime location?
I have no idea…
What they pay. What I do know is the UK is the only place I can think of that charges lorries to park overnight. In return for that £32 they offer no security or liability whatsoever. They also profit from third party car parking firms (known by the large majority as blood sucking parasites) extorting money from motorists over minor infringements.
trucken:
And several million to buy the land in the first place.
Whilst that’s true, I’m confident that Moto didn’t have to go cap in hand to the bank for the money. They’re not a fledging start up company. I wouldn’t be surprised if the initial land purchase was possibly less than their boss gets in share options and salary. This is just an expansion of business for them and involves little to no risk.
Just like the Severn crossing’s have been made free crossings because thay have covered their costs, MSAs should be free parking once they have also achieved profitabilty.