A MEGA-rich car collector has spent £21million on underground parking for his fleet of motors.
The incognito overseas buyer snapped up a car park with 130 spaces beneath a luxury central London apartment block.
The mysterious moneyed individual has secretly been sniffing around the property for two years but has only just closed on the deal.
Former operators of the car park Waterbridge Estates claim that the enigmatic owner will use it to house their personal collection.
Waterbridge Estates added: “The value of his collection is significantly higher than the price he has paid for parking.”
Two other Knightsbridge state agencies – Milton Stone and Nicolas Van Patrick – were in on the deal, however all parties are keeping tight-lipped about the buyer’s identity.
Sacha Moussaieff, director at Milton Stone, said: “We had been discreetly offering the spaces either individually or as one lot and completed the sale in January. This marks a fantastic start to 2017 for Milton Stone.
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“It is unique. In the 20 years I have been in the industry I’ve not seen an opportunity to buy ten spaces, let a lone 130.
“There have been a lot of conversions of hotels to homes and you can’t get a parking permit. Parking is very difficult in the area so if you have money to invest in London then garages and spaces are a good proposition.
“It is a very good investment to have made, whether it is for a personal collection or to rent out to others. A lot of people spend time out of the country and don’t want to park on the street.”
The gelded garage works out at a whopping £150,000 per space, putting each slot over five times the average salary for the UK.