Newspaper article from our research archive:
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The latest [pounds sterling]500,000 property: a parking lot.
- Article from:
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The Evening Standard (London, England)
- Article date:
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March 26, 2004
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Copyright informationCOPYRIGHT 2004 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MIRA BAR-HILLEL
LOOK HARD. This is London's latest [pounds sterling]500,000 property - a parking lot It may appear to be a rather unremarkable side street, jammed between blocks of flats. But with pressure on parking in London soaring to unprecedented levels it could prove to be a goldmine for whoever buys it.
The alley has spaces for 14 parked cars and with annual parking tickets in the nearest NCP car park going for almost [pounds sterling]4,000 a year, it could earn in the region of [pounds sterling]50,000 annually if the individual spaces were let out to motorists.
The spaces, located just outside the current congestion-charging zone at the junction ...
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