A condo in London’s most expensive apartment block has just hit the market, asking £55 million (US$68 million), according to the listing.
The 8,412-square-foot, five-bedroom home occupies the entire seventh floor of one of the four towers that make up One Hyde Park, which sits atop the Mandarin Oriental and is considered one of the most exclusive addresses in the world.
The 86-unit development, next to Hyde Park in posh Knightsbridge, was built by property developer brothers Nick Candy and Christian Candy with backing from Qatar’s former prime minister, and was completed in 2011.
If the asking price for this newly available apartment is met, however, it won’t be the most expensive property to change hands in the building and in London.
Rinat Akhmetov, a Ukrainian billionaire, reportedly bought two apartments on top of each other for approximately £136 million at the end of the property boom in 2007, with plans to combine them into a mega-penthouse.
While one of the condos he bought is on the seventh floor, it is not known if it is the same one that has just hit the market. It is unlikely, though, if Mr. Akhmetov was planning to convert his two apartments into one big penthouse.
A spokesman for listing agent Knight Frank, which is handling the sale, declined to comment, while a spokeswoman for Mr. Akhmetov did not respond immediately to request for comment.
So what do you get for £55 million? According to the listing, the apartment has a large drawing room with a terrace overlooking Hyde Park, a dining room, a media room, a study, a kitchen/breakfast room, and a wine room. There is also a chef’s kitchen where the wealthy buyer’s staff would no doubt whip up dinner.
There are also five large bedrooms with en suite bathrooms, four of which have spacious dressing rooms. Additionally, residents have access to all of the Mandarin Oriental’s facilities, including 24/7 concierge, underground parking and a spa.
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The buyer, however, will need some extra cash left after forking out £55 million on the apartment. The service charge comes to £3,087 (US$3,871) a week, on top of the one-off £6.5 million (US$8.1 million) stamp duty bill (also known as a sales tax).