Proof, if it were needed, that the property market in London's poshest neighbourhoods is a law unto itself comes in the form of a press release from estate agents WA Ellis. The Knightsbridge agent is marketing a garage located "moments away from Harrods". A prime location, so you might expect a premium price – and you won't be disappointed.
The freehold double garage on Rysbrack Street is up for sale for a considerably above-the-average-house-price cost of £525,000. That's about £1,500 a square foot, which is less than the going rate for Knightsbridge, according to Savills – but then this place does lack a Poggenpohl kitchen and marble bathroom.
Robert Lewis, associate at WA Ellis, says the garage will appeal to people living in some of the large garage-free homes nearby who pay up to £250,000 for a space at a private underground car park.
Lewis says there has been interest, although "not at the level we are asking – but it is only a matter of time because of the rarity of having a double garage on a freehold in this area".
The bad news for anyone thinking this could be a cut-price way into a swanky neighbourhood is the that there's a covenant on the place, so it must always be used for cars.
The release follows hot on the heels of news that Taylor Gibbs is marketing a shed in Highgate for a now relatively unambitious-looking £259,950. That did at least boast a shower room and kitchen alongside a swanky location – over at the Knightsbridge garage the mod cons end at electricity.
