A leasehold parking space in central London has been put on the market for almost the same price as nearby apartments.
The Hyde Park offices of London real estate agency Kay & Co has been instructed to sell the parking space, which comes with a 91-year lease, for £300,000 (THB14.28 million). Only last week the same company sold a studio flat less than half a mile away for £299,950 – just £50 cheaper.
Matthew Abernethy, Associate director at Kay & Co said: “Parking in this part of prime central London is always scarce and the fact that people will pay more than the price of a small flat for the privilege of their own parking space is indicative of the desirability of having parking in Westminster.”
He added that he is expecting interest in the space from nearby residents who will be eager to secure parking close to their home.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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