News

Whats a garage worth?

14/05/12

Has the world gone mad? A Knightsbridge estate agent is selling a freehold double garage, described as being ‘moments from Harrods’, for an asking price considerably above the £525,000 currently being paid for the average London home – or, in other words, about £1,500 per square foot. With parking at a premium in many of Britain’s congested towns and cities, it’s not unusual for garages to be sold for a healthy price but you’d need an incredibly expensive car to justify the cost of this one!

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