Parking space opposite Harrods goes on the market for £250,000

Parking space opposite Harrods goes on the market for £250,000 – but at just 8.2×13.8ft it’s too small for a Rolls Royce, Lamborghini OR a Bentley

  • Parking space in Knightsbridge is 13.8ft-long and boasts remote access and lift 
  • With a £780 a year service charge, the 82-year lease offers ample security 
  • It is slightly shorter than the average parking space in the UK which is 7.8ftx15.7ft
  • It costs more than some detached four-bedroom houses in Hull and Blackburn 

A parking space opposite Harrods is on the market for a whopping quarter of a million pounds – but is too small to fit a Rolls Royce, Lamborghini or a Bentley.

The 34-square foot parking space in upmarket Knightsbridge, London, costs more than some detached four-bedroom houses in Hull and Blackburn.

The underground bay sits in a private gated car park and boasts remote access and 24-hour security.

 A parking space opposite Harrods is on the market for a whopping quarter of a million pounds – but is too small to fit a Rolls Royce, Lamborghini or a Bentley

Sitting two levels underground at 8.2ft by 13.8ft, it is slightly shorter than the average parking space in the UK which is 7.8ft by 15.7ft

Apart from the huge price tag, the new owner would also have to fork out the £780 a year service charge which works out to be about £63,960 over the course of the lease.

Basil Street car park in west London was built in the early 2000s and comes with a lift for those who own a space.

There is remote access any time of day and 24-hour security with guards standing at the entrance.

Sitting two levels underground at 8.2ft by 13.8ft, it is slightly shorter than the average parking space in the UK which is 7.8ft by 15.7ft.

The 34-square foot parking space in upmarket Knightsbridge, London, costs more than some detached four-bedroom houses in Hull and Blackburn

The underground bay sits in a private gated car park and boasts remote access and 24-hour security

It means any of the super-rich potential buyers with a large vehicle would find it a tight squeeze.

Super cars such as a £364,000 Rolls Royce Phantom are around 6.6ft wide and more than 18ft long.

A £270,000 Lamborghini Aventador is over 15ft long and also 6.6ft wide.

Luckily, a £17,000 Mini Cooper is 12.63ft long and 5.67ft wide – the perfect fit.

An online advert for the space describes it as ‘a large car parking space’ and states there is around 82 years left on the lease.

Anyone wanting to buy the space has to live a quarter-of-a-mile from the car park.

Estate agents Knight Frank said: ‘Basil Street is moments away from the world-class hotels, restaurants, luxury boutiques, shops, amenities and museums that the area has to offer.

‘Ideally located opposite Harrods, Basil Street car park was built in the early 2000s and benefits from both separate entrance and exit driveways from Basil Street, private pedestrian access from Basil Street via lift for car-parking space owners, 24-hour remote access, as well as 24-hour security.

‘Knightsbridge Tube station is within close walking distance.’

Super cars such as a £364,000 Rolls Royce Phantom are around 6.6ft wide and more than 18ft long

A £270,000 Lamborghini Aventador is over 15ft long and also 6.6ft wide

Luckily, a £17,000 Mini Cooper is 12.63ft long and 5.67ft wide – the perfect fit.

Studio apartments around a mile-and-a-half away in Belgravia are listed for £225,000.

The average price for a home in England is only slightly more than the price of the space at around £275,000, according to data from February this year.

In Blackburn four-bed detached houses can be found on the market for £210,000 and in Hull the same type of property can be available for £240,000.

A spokesman for the Royal Borough of Kensington and Chelsea described the cost of the space as a ‘crazy price’.

Councillor Johnny Thalassites, lead member for environment, planning and place, said: ‘We’re in desperate need of housing and as a borough with some of the most expensive land and property in the UK.

‘It’s very frustrating to see a six figure price tag on a parking space and disheartening for those looking to get on the property ladder.

‘It’s a major challenge for us as a Council as we look to build new homes. 

‘Despite the challenge, we’re making progress, with the first of our 600 new homes – 300 at social rent – now under construction in Hewer Street and Kensal Road.’

In 2016 another space in the same building marketed by Harrods Estates – that was slightly narrower but longer than the current listing – sold for £250,000. 

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