Silverstone launches £80m luxury residential project

renderings of Silverstone F1 Project Escape Silverstone,

Ahead of this weekend’s 56th British Grand Prix at Silverstone, the owners of the Formula 1 circuit have launched luxury residential units for sale alongside the legendary series of Copse, Maggots, Becketts and Chapel corners.

Construction is well underway for the Escapade Silverstone project, sixty exclusive residences for sale, with 50% reportedly purchased off-plan.

As the home of British motorsport prepares to welcome record crowds at this weekend’s Grand Prix, new images have been released of the luxury residences currently being built just meters from the hallowed British airstrip. Silverstone.

Escapade Silverstone is an £80m development of two, three and four-bedroom residences alongside the race track’s most legendary series of corners – Copse, Maggots, Becketts and Chapel – which Formula 1 drivers flock to at a g-force that induces 180 mph.

The landmark development, due for completion in 2023, features a clubhouse with floor-to-ceiling windows and an 8.5-meter-high rooftop terrace offering sweeping views of the track that will make it the spectator equivalent of the Royal Box on Center Court at Wimbledon. , and an entertainment space to coincide with the superyachts that gather for the Monaco Grand Prix.

The £2.2m four-bedroom units will sit just 36ft (11m) from the edge of Britain’s most famous race track and feature cantilevered terraces allowing owners and guests to get even closer. to high-octane action.

Silverstone3 Escape Project

The two-bedroom units, meanwhile, which are priced from £750,000, are set back from the track but offer an exclusive view from the Escapade clubhouse. All residences are sumptuously decorated and feature private, secure parking with easy access to the track, allowing patrons to test their own vehicle and driving skills on non-race days.

Half of the 60 residences have already been sold off plan, and the first phase of 37 will be operational in time for next summer’s Grand Prix. While owners will be able to stay in their residence whenever they want, the units are also designed to be income-generating commercial real estate investments.

Escapade will function as luxury short-stay accommodation and will be marketed to the 1.5 million people who come to Silverstone throughout the year to enjoy a packed calendar of races, track days, events and conferences.

Residence owners pay no maintenance or service fees, and will receive 35% of the gross income generated by their unit, equivalent to the operating margin of a well-run high-end hotel. Your investment is expected to yield an annual net return of 5.5%, depending on personal use.

Owners and guests will enjoy exclusive access to the Escapade Clubhouse, which, in addition to stunning views of the circuit, features a driver-focused gym, pool and sauna, restaurant, bar, large rooftop terrace and private dining area.

Located on a 14-acre site, the Escapade residences will range in size from 90 square meters for the two-bed units, to 193 square meters for the three-bed units and 236 square meters for the four-bed roadside units.

All come with a 125-year lease and will be fully managed by Silverstone, with maintenance, marketing and management of guest stays.

Buyers will also be granted the Founder’s Membership, giving them free spectator access to all major racing events, use of the Escapade clubhouse even when they don’t stay, priority track access and exclusive invitations to events, track days and exclusive trips for owners.

Silverstone3 Escape Project

Will Tindall, Founder and CEO of Escapade: “The British Grand Prix is ​​the pinnacle of the world motorsports calendar, but Silverstone is a place of pilgrimage all year round. Escapade Silverstone is the ultimate place to share the joy and spectacle of speed, whether as a driver or spectator, and a unique investment opportunity that combines the chance to own a piece of this iconic venue with a highly competitive commercial property return. competitive.

“We are creating a community that shares a passion for precision, performance and speed. Escapade is being built with the same blend of style, function, craftsmanship, grace and elegance as the Formula 1 cars that will roar past our door this weekend. When complete, it will channel the euphoria and excitement that Silverstone has embodied for three-quarters of a century.”

Stuart Pringle, Managing Director of Silverstone Circuits: “Millions of people from around the world will be joining us, either in person or watching live on television, for this weekend’s celebration of speed, power and courage. I am proud to say that when they do, you will notice that Silverstone is gaining a new milestone.

“Construction is already underway and, when completed, Escapade will be the most spectacular addition to Silverstone since the opening a decade ago of The Wing, our £27m pit, paddock and media centre. Escapade’s design captures in steel, glass and concrete the beauty and prestige of Silverstone’s motoring past and the potential of our future.”