A narrow alleyway in west London has sold for £2,200 at auction, with the estate agent suggesting it could be used as a pop-up shop or rented to neighbouring businesses. The passageway, measuring approximately 357 sq ft, is located between a pub and a fast-food shop on Askew Road, Shepherd's Bush.
The strip of land, described in the auction catalogue as 'vacant' and well located near shopping and recreational amenities, was sold off by a construction company without a reserve price. Chris Coleman-Smith, head of Savills auctions, said unusual London lots were becoming increasingly popular as buyers seek affordable ways to enter the property market.
Coleman-Smith noted that Askew Road is 'beginning to become a destination in its own right,' but added that creating a residential, office or retail unit on the site is 'highly unlikely.' However, he said it could work well for a pop-up shop or be rented to neighbouring businesses, subject to necessary consents.
Earlier in the same auction, two plots of land in Kingston upon Thames sold for four times their combined guide price, indicating continued strength in London's property market. Lots 48 and 49, sold by Thames Water and described as having 'development potential,' achieved a combined total of £1.95 million from a guide price of £390,000.
The sale echoes a 2014 auction in Clapham, where a passageway sold for £260,000, buoyed by planning permission for a studio flat.
