Seems like, parking space in the congestion-friendly cosmopolitan cities is becoming the next big thing as their pricing are continuing to escalate day by day as much as the housing and utility space is getting deficient. Recently, in Britain’s capital city London, specifically in the ultra-expensive and trendy Knightsbridge, a seller demanded mind-warping $847,820 for its freehold 360 sq. ft of parking space, which turns out to be
And, to even qualify to purchase this most expensive unparalleled parking space, one has to splash out a total of $39 million to buy one of the building’s largest, 8,000 sq. ft duplex penthouse with a 3,000 sq. ft of private terrace. Further, this million-dollar purchase that comes with its own deed and sales contract is not a one-time deal, as the buyer also has to pay for the undisclosed maintenance fees for its condo unit and parking space as well.
Assuming that no irresponsible car owner will illegally parks-in front of this million-dollar garage, the money does get you smooth and direct street access. This hot parking space is 23 feet long and 12 feet wide, and is almost double to the London’s most expensive garage space which is just 6.4 meters wide and just 4.75 meters deep. Also, there is provision for ‘duplexing’ as well, thanks to garage’s 15-foot ceilings.
Reportedly, the New York City’s gaudiest garage is expected to hit the market this fall, after the construction of the luxury-building gets completed.
Also, check this video that showcases a million dollars doesn't buy as much as it used to.