This significant parcel of land lies beyond the iconic Nursery End comes with title and a thousand year lease. Close observers of the sport and the happenings at this hallowed ground will have witnessed significant debate over the past two decades involving redevelopment proposals to maximise this valuable real estate. Indeed, an MCC development committee, which included former prime minister Sir John Major, spent an estimated £7M on feasibility studies and recommended proceeding formally with the plan before it was withdrawn.
Subsequently, after considerable debate during 2017, the members voted against the notion of the land being capitalised. It is clear that this asset is a topic of hotly-debated significance. But those interested in acquiring a share of this land should not labour under the illusion that this site will be developed during their lifetime. It may well not. Although purchasers should note that the MCC lease expires in one hundred years’ time which may make the acquisition and bequeathing of a share in this asset a valuable one for grandchildren and beyond.