Belgravia mews house with garaging for five cars for sale for equivalent of £1,442 per week
A two-storey mews house behind The Lanesborough Hotel in Belgravia has gone on sale for what initially seems like a bargain price of just £1.5 million ($2 million, €1.7 million or درهم7.2 million).
The catch? The 1,391 square foot property in Wilton Row – which comes with a 40-foot long garage with space for up to five cars – is offered on a new 20-year lease that comes without the ability to extend or acquire the freehold.
Effectively priced at the equivalent of rent of £75,000 per year ($99,000, €83,000 or درهم362,000 per year), the unlisted building also includes a reception room, kitchen, two bedrooms and a bathroom.
Ayrton Wylie are the selling agents.
Speaking as a property professional, I would suggest this has been competitively priced so as to generate a bidding war. Well heeled locals with car collections (I can think of a young man with a rather large convoy, for example) need space to house their expensive toys and this would be just perfect. The chauffeur could even live upstairs but equally if someone were to buy this as an investment, the returns on renting the flat and garaging would be excellent also. A good buy even in this somewhat uncertain market.
FOR ONCE ——- a great choice!!!!!!!!!!!!!! Getting good parking in London is IMPOSSIBLE and this provides a solution ——- well a solution for 20 years!!!!!!!!!!!!!!!! Do NOT send in the wrecking ball!!!!!!!!!!!!! This piece of the Monopoly board is well worth havin!!!!!!!!!!!!!!!!!!
I find myself agreeing with Yolanda for once. A rare thing there hey chaps?
Didn’t this used to be owned by the Sultan of Brunei. When I went to The Grenadier once I looked in and there was even one of the Ferrari shooting brakes in there (he commissioned them so I guessed it must be him).