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'Very Rare' Parking Space Sells For £115,000 In Bath

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'Very Rare' Parking Space Sells For £115,000 In Bath

A Bath city centre parking space has been snapped up for a whopping £115,000 ($158,000) just two days after being put up for sale online.

Yes, you did read that correctly - £115,000 for a parking space.

The space, which is described as a 'good size', is in a secure underground garage near to Circus Mews.

It also comes with an electric gate and lighting.

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Credit: Whiteley Helyar
Credit: Whiteley Helyar

Property agents Whiteley Helyar said the parking space was 'very rare' - noting that it had been eight years since a space in the same garage had gone up for sale.

The pricey spot was marketed as a 'very rare opportunity' to get a city centre parking space.

A description of the space read: "The garage occupies a highly convenient and sought after position, just a very short walk from the vast selection of shops, galleries and restaurants both in the heart of the city and in the pedestrianised Margaret's Buildings."

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Now, if you're reading this thinking 'seems a bit steep' - then let me tell you that this isn't even the most expensive parking space to go on sale in the UK this year.

Back in January, a three-metre by six-metre spot in a secure garage in Knightsbridge, London, went on sale for £350,000 ($480,000).

This spot was listed online as boasting a long leasehold, a daily garage porter and CCTV.

Well, when you put it like that, it's a bargain, eh?

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This £350,000 space went up for sale in London this year. Credit: Rightmove
This £350,000 space went up for sale in London this year. Credit: Rightmove

The space is located in the SW7 area less than a mile away from South Kensington Station, Knightsbridge Station and Gloucester Road Station.

For a bit of context, in other parts of the country you'd be able to get a five-bedroom detached house for the same price.

Meanwhile, over in Hong Kong a parking space sold for more than 10 million Hong Kong dollars (around $1.3m or £909,800) and is thought to be the most expensive parking spot ever sold.

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Numerous spaces were sold at the Mount Nicholson development which has been built in a swish area called The Peak.

The development was once dubbed 'Asia's priciest address', according to The Daily Mail, and if these are the sort of prices we're seeing for parking spaces, I think we can all see why.

Featured Image Credit: Whiteley Helyar

Topics: UK News, Money

Claire Reid
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