Sale of Marylebone car park could generate millions for council
Westminster Council is set to scoop millions from the sale of a Marylebone car park, after it was put on the market on Saturday.
The 0.83 acre Moxon Street car park will be sold to a residential developer, and could attract more than �2,000 per square foot.
The council says it will use the money generated to provide new facilities and investment for schools, accommodation and other council services.
Council policy would require 35 per cent of homes to be affordable, and a spokesman said the planning committee would apply these rules in the same way as for any other development.
The car park was acquired in 1991, after the disposal of assets belonging to the abolished Greater London Council.
You may also want to watch:
A residential or community development on the site has been considered since 2009, initially as a home for Marylebone library which will now be built on Luxborough Street.
Cllr Jonathan Glanz, Westminster City Council’s Cabinet Member for Housing and Property, said: “We are delighted to bring this site to the market, which is set in a prime central London location and has great potential.
Most Read
- 1 Developer's plan for six houses in old pub car park in Highgate Hill
- 2 Nazanin may become 'bargaining chip' in Iran nuclear deal, warns husband
- 3 Woman dies after house fire in Muswell Hill
- 4 Arsenal hit Gillingham for ten in FA Cup
- 5 Arteta: Arsenal have to win these games or face consequence
- 6 Camden's Levertons to arrange the funeral of Prince Philip on April 17
- 7 Helen McCrory: 'Mighty' Tufnell Park actress dies aged 52
- 8 Hampstead Literary Society launched - and looking for exciting writers
- 9 The Heath, exhaust theft, public access, Centene, the Streatery and more
- 10 Nazanin Zaghari-Ratcliffe: Wait for second verdict could last 'until Easter'
“It provides the opportunity for the creation of much needed new homes, shops and community facilities for the area, in a flagship mixed-use development which will be a fantastic addition to Marylebone.”