Carspace

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A Potts Point car parking space fetched $222,000 at weekend auction, which the Di Jones sales agent declared “top dollar”.
Bidding opened at $120,000 for the 15.8 square metre space in The Chimes apartment block at 101/45-53 Macleay Street.
It last sold at $35,000 in 1990, reflecting seven percent annual growth.
The sale to a local resident from further down the street through Di Jones agent Jeremy Brink equated to $14,000 per square metre.
It was up on the most recent Laing Real Estate sale of a 16sqm block in February around the corner on Challis Avenue which at $190,000 equated to $12,666 per square metre. 
“The shifting market isn’t having an impact on car space prices,” Di Jones agent Jeremy Brink told The Sunday Telegraph.
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There were three of the five registered parties who bid.
The successful bidder had lived in Potts Point for 20 years and intended the car spot for his personal use.
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There’d been a $264,000 sale of a car space in the same block in May last year, through Greg McKinley of Richardson &amp; Wrench Potts Point, but that had been bigger at 26 square metres.
It could still only fit one car.
<img src="https://www.urban.com.au/images/2015/05/28/Screen%20Shot%202015-05-29%20at%208.12.09%20AM.png" width="700" height="425">
The sale reflected around $10,000 a square metre for the longer then normal 26 square metre space, but single car space.
The 10-storey, 80 unit Chimes strata block was registered in 1964 when the standard EJ Holden cost the equivalent of $2102.
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