Renault's new Kadjar: Dare to live

Explore uncharted territory with the New Renault Kadjar. #DareToLive

Good debt vs bad debt: Get clued up!

A large percentage of South Africa is currently in debt and what is not always fully understood is that debt is not just debt.

Pay up for seaside parking!

2012-11-06 14:47

PARKING FOR SALE: Owning a parking spot near the beach might come in handy on hot summer days. Would you be prepared to part with close to R700 000 for the privilege, though?

Nothing is more annoying than having to park so far away from the beach that your exhausting walk there leaves you wanting to go back home. Parking at the coast could become quite an issue - especially during summer when beach goers are at their worst.

In the UK however, they might have solved the problem by selling parking spots. The perfect beach parking can now be yours for only an equivalent of about R697 000, a hefty price but is it worth it?


Prices for the parking spaces, which are about 30 seconds walking distance from the centre of the popular beachfront town in St Ives in Cornwall, England, are said to be more than twice the average annual earnings (R307 000) in the county. And in a time of austerity the move has less than impressed everyone in the area.

Speaking about the lots, town councillor Andrew Mitchell said: “It sticks in the throat of local people. It shows the mismatch in St Ives and many other Cornish villages and towns between the local population on low wages and seasonal jobs and second home owners.

'It is ridiculous that many of those that live here can't afford a home. They can't even afford one of these parking spaces,” Mitchell continued.

The spaces are on sale by estate agent Bradleys and employee Sam Peters said they have already turned down offers of an equivalent of about R1.3-million for two as they go ahead with an auction.


Peters said: “We have got about 60 people who are interested. There is simply not enough parking capacity in the town for the number of people that are here. And there are plenty of people prepared to pay these prices. If a house has a parking space in St Ives the value shoots up, so the spaces will pay for themselves.”

The guide price of each space comes three months after another space was bought in the town for an equivalent of about R767 000.

It isn’t a new idea either, two years ago, another parking space in the town went for a whopping R837 000 and one three-years before that sold for a comparatively meagre R334 000. 

Considering the volumes of traffic around Camps Bay, Cape Town, and other popular beaches along our coast, could something like this work in South Africa?

Read more on:    beach  |  uk  |  traffic  |  auction  |  parking

Inside Wheels24

How VW's Amarok helps abused victims in SA

Volkswagen's social test drive programme sees the automaker delivering much needed supplies and equipment to disadvantaged communities in South Africa.

There are new stories on the homepage. Click here to see them.