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‘Ideally located’: £ 250,000 parking space for sale near Harrods | London

An underground car park opposite Harrods has been listed for £ 250,000 – just below the average UK house price and enough to buy a six bedroom detached house in Middlesbrough.

Despite its price, the parking space is actually too small to accommodate the big cars like the super-rich prefer, who are most likely to fork out for the luxury of being able to park in Knightsbridge.

Too small for a Rolls-Royce Phantom: parking space of £ 250,000.

The K28 space in the Basil Street car park measures approximately 2.5 x 4.2 meters and covers an area of ​​10.5 m²: even a short-wheelbase version of the latest Rolls-Royce Phantom is 5.76 meters long, and the new Maserati Quattroporte 5.26 meters. Average parking spaces in the UK are 2.4 x 4.8 meters, according to the AA.

Upscale real estate agent Knight Frank said the space is “conveniently located across from Harrods” and has 24-hour security coverage. “Basil Street is just minutes from world-class hotels, restaurants, luxury boutiques, shops, amenities and museums that the area has to offer.

“The Basil Street car park was built in the early 2000s and benefits from both separate entrances and exits from Basil Street, private pedestrian access from Basil Street via a lift for parking lot owners. parking, 24 hour remote access, as well as 24 hour security.

In addition to the purchase price, the new owner is also expected to pay £ 780 per year in service charges over the term of the 82-year lease.

Johnny Thalassites, senior member of the Kensington and Chelsea Council for the Environment, Planning and Location, said the news of the extremely expensive parking space was “very frustrating” and “disheartening” for locals trying to ‘buy houses in the area.

‘We are in desperate need of housing and as a borough with some of the most expensive land and property in the UK it is very frustrating to see a six figure price on a parking space and discouraging for those looking to climb the property ladder, ”he said.

“This is a major challenge for us as a council as we look to build new homes. Despite the challenge, we are making progress, with the first of our 600 new homes – 300 for social rent – currently under construction.

The average house price in Knightsbridge is £ 2.75million, according to Foxtons: around 10 times the UK average.

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