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Knightsbridge Agent Hobart Slater Sells Britain’s Most Expensive Parking Space for £400,000

Hobart Slater, one of Knightsbridge’s most established and respected estate agents has received sensational press coverage across the UK after advertising Britain’s most expensive parking space for £400,000!

Located on the prestigious Montpelier Street, Knightsbridge, moments from Harrods and The Brompton Road, Hobart Slater has been selling prime residential property and lettings for over 30 years.

Hobart Slater was approached by the vendor to sell the underground space which can fit two cars in and is located near London’s Royal Albert Hall in Kensington for £400,000. This is nearly 2.5 times the cost of an average UK home and 15 times the average UK salary of £26,500

The somewhat hefty price tag comes as no surprise to Hobart Slater, even though ten months ago a similar space in the same car park went on sale for £275,000.

Jeremy Nunn, from Hobart Slater commented “Parking in Central London has always been difficult and with the average property price in Kensington exceeding £1.5 Million it is no wonder that a secure garage space for two cars sells for £400,000.”

Hobart Slater’s multichannel approach to selling properties has allowed them to feature profile properties from the likes of artist, Jack Vettriano not only across their website and in their offices but also across more innovative technologies such as Instagram and Pinterest.

Claire White, Client Manager for Why Media and Hobart Slater, commented “Why Media has been supporting the digital marketing for Hobart Slater for a year now and over that period we have seen some very high profile properties, and garage spaces come to market and sell with ease.”

As a forward thinking property agent, Hobart Slater also takes an international approach to their digital marketing, providing current London property news in languages including Russian and Arabic. These initiatives have become very appealing to vendors looking to sell and let property in some of London’s most prestigious addresses considering the high percentage of foreign investment currently being experienced in locations such as Knightsbridge, Kensington and Chelsea.

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