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Splurge

Tempt Me

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I know it is a so called desirable area if you want to live in the Souk, but would you wanna park 2.5 million on this? I can't see the attraction of it at a tenth of that price.

http://www.rightmove.co.uk/property-for-sale/property-27898092.html#

I just noted it has 4 bathrooms and bathrooms but no Kitchen. Perhaps it is a commercial establishment not a residential home. Nudge wink.

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I know it is a so called desirable area if you want to live in the Souk, but would you wanna park 2.5 million on this? I can't see the attraction of it at a tenth of that price.

http://www.rightmove.co.uk/property-for-sale/property-27898092.html#

I can't see who will buy it. As you say, the area is full of rich Middle-Eastern types, but I can't see them being tempted to live in what looks like a 60s ex-council house even if it is in their target area.

Everyone is a bit snobbish about the way houses look to a certain extent and I should imagine those spending mega-bucks are probably more rather than less choosy.

Is this being sold at a big discount compared to nicer looking houses in that area?

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I just noted it has 4 bathrooms and bathrooms but no Kitchen. Perhaps it is a commercial establishment not a residential home. Nudge wink.

Ignore that talking rubbish as per usual. Still if I had that money I'd be escaping to the Country not moving into what looks like a council flat.

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:lol:

It has the benefit of a 91 year lease? Most houses are freehold.

Indeed. The EA is probably used to selling flats in that area where anything over about 50 years on the lease is an absolute luxury. Another 'benefit' that prime central London has over everyone else.

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I know it is a so called desirable area if you want to live in the Souk, but would you wanna park 2.5 million on this? I can't see the attraction of it at a tenth of that price.

http://www.rightmove.co.uk/property-for-sale/property-27898092.html#

Last sale £690,000 on 5th Aug 2005

So if they get their £2.4M that's around £550 per day appreciation.

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