Three parking spaces in Mayfair available to rent for £1/4 MILLION

July 21, 2014 | by | 0 Comments

Wealthy Londoners will be able to park their supercars in the city’s poshest area for just £2.30 a day now – if they stump up £85,000 for the spot.

Three spaces in the Park Lane car park in Mayfair have been put on the market for a combined £255,000.

But despite the eye-watering price-tag, the spots work out considerably cheaper than if you wanted to pay-per-day.

The prime parking sports can accommodate a super car

The prime parking sports can accommodate a super car

The Mayfair Car Park which has three spaces available on long term leases for around £85,000 each

The Mayfair Car Park which has three spaces available on long term leases for around £85,000 each



It would normally costs £9 per hour, £49 for 24 hours or £3,600 for a 12 month parking ticket the Mayfair car park.

And the Marble Arch car park charges ££5 for one hour or £36 for 24 hours.

These spaces work out at around £2.30 per day for the duration of the leases, which vary between 105 and 110 years.

The spots, which cost the same as a new Porsche 911 and have 24-hour security, will pay for themselves in less than 23 years.

They have also been described as an excellent investment with Mayfair parking in demand as more properties are returned to residential use.

The spaces, which will accommodate a Bentley Continental, are up for sale with Harrods Estates.

Shirley Humphrey, director at the agency, said: “Finding a secure and safe location to park your car in Mayfair is a rare find due to lack of space, so for those living in Mayfair, these are an ideal solution.

“Each space has between 105-110 year leases, meaning that if you owned it for the duration, parking would equate to just £2.30 on average per day and with parking spaces becoming increasingly more desirable, these spaces are a good long term investment.”

Category: Auto

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