An enormous London mansion with stunning views of Regents Park has just gone up on the market—for a cool £185million.
The Grade I listed building was completed in 1826 and was designed by John Nash, the Regency architect whose other architectural masterpieces include the Royal Pavilion in Brighton and even ..Palace.
According to Savills estate agents, 1-18 York Terrace East boasts 117,000 square feet and has planning permission to be made into two houses and 26 apartments with 42 underground parking spaces.
And if you think £185million is insane money, if it were bought by an individual it still wouldn’t even make the top spot.
If the property were sold to an individual rather than a developer, it would be the second most expensive house in the UK, second only to a Knightsbridge property that sold for £200m in January to property tycoon Cheung Chung-kiu—a 45-room mansion overlooking Hyde Park.
Selling the property is real estate investment group Zenprop, who acquired the building in 2016 when it was being used as student accommodation. Derrick Beare, the CEO of Zenprop said working to reinstate the building to prime residential use has been a “very rewarding” experience.
The building was bought four years ago for less than £185million, despite some reports saying that Zenprop paid more than £200million. “We would have made a very healthy profit, but because of Brexit and the pandemic, prices are not they were,” said Beare.
He went on to say the unique property is now fully assembled, and Zenprop looks forward to seeing its magnificent restoration.
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