Harrods Estates, the property arm of the luxury retailer, has been assigned the task of selling the Royal Albert Hall 12-seat box. In keeping with the premium Harrods brand, the division of the business provides owners of high-end properties with VIP support.
The sale has been described as a “an extremely rare opportunity”, given it’s the first time a Grand Tier box has been listed on sale in nearly a decade. Coupled with the fact the value is expected to increase as time passes, the Harrods expects offers in excess of £2.5m for the Royal Albert Hall hotspot.
What’s more, the owner will have the opportunity to mingle with royalty, as the Queen’s Box is also found at Grand Tier. The Royal Albert Hall’s ties to the family extend back to 1871, when it was opened by Queen Victoria, at which time 20 boxes on the level were acquired.
The Royal Albert Hall boasts a capacity of 5,300 and hosts 400 shows annually, opening up celebrity networking with the EE British Academy Film Awards and Titanic Live among shows for 2017.[rb_inline_related]
“This Grand Tier box at the Royal Albert Hall is a real generational purchase, and is the first of its kind that is available to buy for almost a decade,” Nicholas Shaw, sales manager of Harrods Estates Kensington, said.
“The box is ideal for entertaining, with its twelve seats, and provides enviable views over the main stage and auditorium. We have witnessed these boxes sell previously to the true lovers of the arts and this time should be no different. I anticipate this will sell to a British investor.”
In addition to the box, the buyer will secure a membership to the Corporation of the Halls of Arts and Science, granted to those who originally funded the Royal Albert Hall’s construction and those who now acquire seats to support the site.
Duties will include electing the council, president and funding required to keep the Royal Albert Hall preserved. Private individuals and corporates occupy 1,276 permanent seats in boxes and stalls.
If you choose to put in an offer for the £2.5m Grand Tier box, there are 850 years left on the lease.
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