30 April 2007

Not suitable for Datsuns

'In January, the most expensive parking space ever sold by Harrods, in Knightsbridge, central London, went for £200,000.  Now the company is on the verge of selling another in its branded car-parking complex.  On the market for £225,000, and with a 93-year lease, it has gone to sealed bids and is expected to fetch much more.  Harrods estimates that it will equate to £1800 per sq ft, roughly the cost of a pied-a-terre in Mayfair. 
At the same time, Quintessentially Estates, the property-finding arm of the top end concierge service, has just looked at a garage for a client that is off the King's Road, holds three cars and is on the market for £600,000'
- Sunday Times, 29 April 2007
[Note for New Zealanders: £600,000 is NZ$1.6m]

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