Luxury trackside apartments for sale at Silverstone

Silverstone and Escapade Living have lifted the lid on a new project that will see 60 apartments built around the famous Maggots and Becketts complex.

For some more wealthy Formula 1 fans, Silverstone could soon become a second home. A starting price of £1.2 million will grant the buyer a 125-year lease on a trackside apartment, but there is a catch.

Unlike a regular home, leaseholders will be permitted 21 tokens with which they can purchase nights at the property, with different events costing a different number of tokens.

A stay during the Formula 1 weekend must consist of a minimum of three nights, and will cost five tokens per night, while a visit during the MotoGP will cost two tokens per night.

For the remainder of the year, the property will be rented out with 35 per cent of the revenue going to the leaseholder.

Silverstone managing director Stuart Pringle is quoted on the Escapade Living website as saying: "We are delighted to be working with Escapade Living in creating a peerless hospitality experience.

"Escapade Silverstone will enable motorsport lovers to buy residences right on the edge of the circuit. For us, its immersive, bespoke, guest-led offering hails the dawn of something special."

Additional properties will also be sold for £650,000 without a view of the circuit. With this option, owners will have access to the site's "trackside clubhouse" to view the action.

The project is expected to be completed in May 2022.

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