Your own parking space in London? A steal at £300,000
Estate agents are offering a parking space for twice the price of an average UK home
A parking space in London is up for sale, but the lucky bidder will be paying a record breaking £300,000 for it.
And after shelling out the asking price, the buyers won't even own it outright, is at comes with a 91-year leasehold.
Located in the exclusive Hyde-Park Gardens neighbourhood, the space is nearly twice the price of the average UK home.
The open-air spot is just enough to squeeze in a hatchback and is £500 more than a nearby studio flat sold for last week. The parking space costs more than a brand new Rolls-Royce.
Matthew Abernethy, of estate agency Kay and Co, sold two parking spaces last year for £250,000 each and said there was already a number of people interested in the latest bay. He said: “Parking in this part of prime central London is scarce and there are not enough spaces for all the residents.”
He said the people interested in bidding on the space were people who are looking for "convenience".
On a brighter note, £300,000 for 91 days works out at £9 a day, which could make the owner a profit if they chose to sub let it.
- 1 Why I'm on the brink of burning my Israeli passport
- 3 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
- 4 Iraq crisis: How Saudi Arabia helped Isis take over the north of the country
- 5 Barack Obama fist bumps Texas restaurant employee in support of gay rights
Scottish independence: Scots of Corby take matters into their own hands in mock referendum - and deliver overwhelming verdict
Protesters fight to save Arturo, the polar bear sweltering in baking hot zoo
Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Supermoon 2014 in pictures: Moon appeared bigger and brighter at the weekend
Saharan remains may be evidence of first race war, 13,000 years ago
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Emergency data law: David Cameron plots to bring back snoopers’ charter
NUT strike: David Cameron announces crackdown on strike action ahead of mass industrial action
£28000 - £34000 per annum + excellent bens: Deerfoot IT Resources Limited: In...
competitive: Progressive Recruitment: My client who are a leading publisher in...
competitive: Progressive Recruitment: A leading marketing agency is currently ...
£35000 - £45000 per annum + competitive: Progressive Recruitment: Software En...