Tuesday, January 24, 2017
Royal Albert Hall box alongside Queen on sale for £2.5m

Royal Albert Hall box alongside Queen on sale for £2.5m

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Occupants of the Grand Tier include the Queen and members of the Royal Family

A Grand Tier box at the Royal Albert Hall has been put on the market for £2.5 million.

It is the first time in almost a decade that a 12-seat box in Britain’s best-known concert hall has come up for sale.

Whoever buys the exclusive space will be on the same level as the Queen.

The venue will be host a series of sough-after events this year, including the BAFTAs, Titanic Live and the Royal Philharmonic Orchestra’s The Music Of Bond.

Harrods Estates is marketing the box, which it describes as “an extremely rare opportunity”.

It says the Grade I listed venue in Kensington could sell for “in excess of” £2.5 million – more than ten times the price of the average home in England.

Nicholas Shaw, sales manager of Harrods Estates Kensington, said: “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.

“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.”

The Grand Tier is best known for being occupied by the monarchy, with the Queen’s Box located on this level.

In purchasing the box, the owner will automatically receive a membership to the Corporation of the Halls of Arts and Science.

The membership was granted to the individuals who put up the capital to fund the building of the hall in the 1860s.

As a member, the owner of the box will be responsible for duties including electing the council and the Hall’s president, approving the level of the annual contribution, and ensuring the purposes and traditions of the Corporation are upheld.

There are 1,276 permanent seats in the hall which are owned by private individuals and corporate entities.

Seat-holders are entitled to view around two-thirds of the performances during the year.

In 2011, a five-seat box on the second tier was put up for sale for £550,000.

A 10-seat box on the Grand Tier was offered three years earlier for £1.2 million.

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Royal Albert Hall box alongside Queen on sale for £2.5m