A recent real estate listing has shown just why London is considered one of the most expensive cities in the world. And if you think the aforementioned real estate listing is for some luxurious mansion, prepare to be surprised! Estate agents Knight Frank have placed a £1.25 million ($1.8 million) price tag on rundown garages that come complete with mildew on the paintwork and overgrown shrubbery. The huge price is attributed to the plush address of these garages, i.e., Primrose Hill district. The garages do not even have planning permission in place, but the property is being billed as a golden opportunity to develop. However, it does have a free title so that any building work could go ahead. Primrose hill district is known as a celebrity hangout with Kate Moss at the heart of the so-called ‘Primrose Hill’ set. TV chef Jamie Oliver and actor Jude Law also have homes there.
So, if you think this is the ideal investment for you go ahead and contact Knight Frank agents who are confident this property will get its full asking price.