UK's most expensive parking space sold for £400,000
Britain's most expensive parking spot has gone on sale for £400,000 – nearly 2.5 times the cost of an average UK home.
(firmenpresse) - Britain's most expensive parking spot has gone on sale for £400,000 – nearly 2.5 times the cost of an average UK home. The underground space, which can fit two cars, is near London’s Royal Albert Hall in Kensington and costs 15 times the average UK salary of £26,500. For the same amount of money, a motorist could afford to park their car 880 yards away at the nearest NCP car park for 31 years - at a cost of £35.10 a day. Just 10 months ago, a similar space in the same car park went on sale - for a slightly more reasonable £275,000. But the price tag for a space in the exclusive underground lot has increased by 31 per cent - or £125,000 – in that time.
Despite the eye-watering price, local residents are unlikely to baulk at the cost of the double space as the average property in the SW7 post code sells for £2.3million. And according to the latest Land Registry figures, the parking space is still £3,792 cheaper than the average property price in London.
The freehold is described as a “large secure underground parking space ideally situated for an Albert Court or Albert Hall Mansions resident”. Cars parked in the lit underground car park are also protected by double doors which can be padlocked by the owner.
The space is being sold through upmarket estate agents Hobart Slater and is across the road from Hyde Park and Kensington Gardens. The agent is used to dealing with high-value properties – one listing currently on their books is a nearby four-bedroom apartment that is on the market for £9,850,000. Similar garage spaces in Knightsbridge are also being sold through their website but are listed at an almost reasonable £150,000.
A spokesman for Hobart Slater told a reporter: “We've already had plenty of interest in the space.” Another sough-after parking spot can be found just down the road, where an 11ft by 12ft space in Hyde Park Gardens is on the market with estate agents Kay & Co for £300,000. They report that several people have already expressed an interest.
ABOUT KAY & CO.
Kay & Co. is an established property consultant based in London. They are experts on providing services related to real estate specifically sales of prime properties in Central London. The company has extensive clients including landlords and tenants of apartments for let. They are also offering management services for a higher quality but a lesser cost on property management. They have several locations in London but their main office is on Albion Street. Interested clients may contact them through the contact information listed below.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Kay and Co London estate agents and property consultants
Head Office: 24-25 Albion Street,
London, W2 2AX
Tel: +442072622030
http://www.kayandco.com/
Datum: 10.03.2014 - 01:53 Uhr
Sprache: Deutsch
News-ID 1294834
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contact information:
Contact person: Kay & Company
Town:
London, United Kingdom
Phone: +442072622030
Kategorie:
Commercial Real Estate
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