Tuesday, June 28, 2011

Tell Him He’s Dreaming: £200,000 / US$320,000 for a Parking Space

Behold Britain’s most expensive parking space: 284 square feet (26 square metres) of concrete in an underground car park in Knightsbridge, West London. There’s a separate entrance and exit driveway and 24 hours a day, 7 days a week remote access and security. The price is just…£200,000 (US$319,460) for the first nine years, then another £710 (US$1,134) a year for the next ninety.

Though at just 33 pence an hour, the price is some ten times less than what most people pay to park in Knightsbridge. Still, they don’t have to keep paying for the next 99 years. Though Harrods Estates Asset Management, which brokered the deal, refused to name the buyer for confidentiality reasons, the terms of sale stipulate that the buyer must live within 400 metres (1,312 feet) of the parking spot.

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