London parking space for sale: underground bay listed for £375,000 — more than the average UK home
An underground parking space below a block of flats has gone on sale for more than the cost of the average UK home.
The £375,000 price tag for the 215 sq ft bay in Knightsbridge will be seen as another sign that the capital’s economy is coming out of the deep-freeze, four years after the Brexit referendum.
Agents Nicolas Van Patrick advertised the spot, in a cage below luxury apartment block Kingston South House, with a photograph of its current occupant, a 40-year-old brown Mercedes.
It says: “This well-located garage also has the added benefits of a long leasehold, a daily garage porter and CCTV.”
For the same sum, the discerning motorist could spend £40 a day for almost 26 years using the NCP car park in Pavilion Road 700 yards away.
Or they could buy a new Rolls-Royce Phantom.
In 2014, at the height of the capital’s property boom, a two-car parking spot near the Royal Albert Hall in Kensington went on sale for £400,000.
