Thursday, June 30, 2011

One Hyde Park – Most expensive ghost town in the world

One Hyde Park - Most expensive ghost town in the world

Mostly empty and some unit cost just £1400 on council tax

Posted by easybetman @ 11:59 AM (2358 views)
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5 thoughts on “One Hyde Park – Most expensive ghost town in the world

  • will the truth ever come out about this company/development?

    something seems odd about the whole thing…been following for a while

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  • Yep, have to agree, all a bit odd and whilst I havent been following this one too closely it has stayed on the radar. My intial and ongoing thoughts – probably a money laundering exercise of some description.

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  • without paying too much attention to what the Royal Mail still insists is 100 Knightsbridge

    That’s the funny bit – if you live there you won’t have any post delivered if you use the address One Hyde Park!

    I’ve been following this for a while – I cycle past it on the way to work – and I’m pretty sure I’m going to see a Dispatches episode sometime next year investigating corrupt developers, corrupt council officials, offshore tax havens, a Sheikh and creative accounting associated with this development.

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  • mark wadsworth says:

    The Council Tax in Westminster is a few hundred quid lower than average because the council collects on average a few hundred quid in parking fines or charges from each resident, so there’s less tax on your home and more on your car (or somebody else’s car). There is nothing wrong with that in principle.

    What is wrong is the fact that the council tax (aka Domestic Rates aka Land Value Tax) on this flat isn’t something in the order of £ [several million] a year and times that be ten because it’s a ten storey block. So instead of our mysterious Oligarch “paying” £136 m to some no doubt offshore subsidiary of the Candys or whoever built it, they pay the Candys £10 million (or however much it cost to build) and the rest to the council in tax (i.e. in rent – it’s the government in particular and society as a whole which provides Hyde park, the Tube Stations, the shops, the nightlife etc etc.

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