It is a widely known fact, especially amongst those keen to begin the residential conveyancing process, that central London offers some of the most expensive properties in the UK.
However, according to recent reports, homes are not the only properties which are being sold at high prices. An estate agent has put a garage on the market for just over half a million pounds.
The freehold double garage has been described as “moments away from Harrods”, guaranteeing a keen shopper a permanent parking space. With an asking price of £525,000 the property works out at approximately £1,500 per square foot.
An associate at the estate agent based in Knightsbridge has stated that the garage is likely to appeal to residents in the area who lack a garage of their own and are forced to pay hefty fees to use a private underground car park.
The estate agent maintains confidence that it will only be a matter of time before the garage is sold “because of the rarity of having a double garage on a freehold in this area”.
If you are considering buying a home in the capital, a conveyancing solicitor from Healys may be able to help you.