A 5,216-square-foot mansion on one of Britain's most expensive streets has been put on the market for £16 million (US$21 million) in London’s St. John's Wood neighborhood.
The six-bedroom, six-bathroom detached home on Avenue Road was built by notable British-Swiss architect Richard Seifert in the 1950s as the new London home of late multi-millionaire Harry Hyams, according to the listing.
Hyams, who died in 2015, was one of Britain's most influential property tycoons, and started out in the industry at the age of 17. His company, Oldham Estates, has developed over 40 iconic buildings in London, such as Centrepoint Tower, Apollo House and Lunar House.
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The property tycoon’s home has a brick façade with tall sash windows and central pillared entrance portico. Spread across three floors, the existing house has a grand entrance hall, three reception rooms, a study, a family kitchen/breakfast room, complete with rear terraces, a double garage and off-street parking, according to the listing by Aston Chase.
The St. John’s Wood mansion is "one of London’s ultimate refurbishment/redevelopment opportunities," said Aston Chase in a news release.
After Hyams passed away in 2015, the property was purchased by an English family who have now put it on the market as they wish to relocate outside of London, according to Mark Pollack, founding director at Aston Chase.
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The property was available as an off-market sale since March this year, but was listed by Aston Chase on its website on Oct. 1, according to Mr. Pollack.
"Avenue Road is a true millionaire’s row and is undoubtedly one of London’s finest addresses, appealing to the same calibre of buyers as the likes of Kensington Palace Gardens, The Boltons and Cornwall Terrace," Mr. Pollack said in the news release.