Saturday, August 29, 2020

It's Good To Be A 29 Year Old Duke: Grosvenor Grabs The Ground Rent

The young Duke is worth something like $13 billion and last appeared on the blog in a cameo appearance:
Apparently Amancio Ortega, Zara's Founder (and #12 world's wealthiest) Has Been Accumulating Some Real Estate
As in larger than Hugh Grosvenor sized real estate.
On the other hand, young Hugh is 29 while Mr. O. is 84.....

And from The Steeple Times:
Vast Belgravia artists’ studio goes on sale for just £1.3 million, but of course, there is a catch and that is the extorionate ground rent
A 2,124 square foot artists’ studio in Belgravia has gone on sale for just £1.3 million or the equivalent of £612 per square foot. There is, of course, a catch and that is that the ground rent is a staggering sum of £58,000 per year.

Featured in The Steeple Times when last offered for sale for £995,000 in November 2017, the opulently decorated ground and first floor property available provides not only a double height 23’9” by 20’6” reception room but also a dining room and kitchen. There are also 3 bedrooms and 2 bathrooms and the space is described as being “for those involved in arts and media.”...