Financial News

  • 28 February 2014, 21:33

Former London Tube Station Sold For 53m

A former London Underground station used as a World War Two command centre has been sold to a mystery buyer for 53m.

The Brompton Road property, close to department store Harrods, was owned by the Ministry of Defence, which put it onto the market as part of its cost-cutting efforts.

The money raised from the sale will go back into the defence budget.

Announcing the deal, Defence Minister Andrew Murrison said: "The Ministry of Defence is committed to selling off its surplus land and property in order to provide the best possible value for money to the taxpayer.

"At the same time, we take our role as a custodian of the nation's history very seriously and have been working to record the historic significance of the building."

The MoD is not revealing the identity of the buyer.

However, it is expected the property will be turned into residential apartments, with London Underground retaining the tube platform and line.

The Piccadilly Line station was designed by English architect Leslie Green and opened in 1906.

It was closed it in 1934 after London Underground decided it was no longer financially viable.

The then-War Office took it over for use as an anti-aircraft operations room.

The only remnant of the site's military past is a large map of London.

The MoD says it is working with the National Archives and English Heritage to preserve the map and other artefacts from the building.

:: Watch Sky News live on television, on Sky channel 501, Virgin Media channel 602, Freeview channel 82 and Freesat channel 202.