Greengates Builders Merchants

£140 Million Flat With No Walls!!

A LUXURY penthouse at one of London's most exclusive addresses has reportedly been sold for a record £140 million.

A mystery Eastern European buyer is thought to have paid the astonishing sum for Penthouse D at One Hyde Park, making it Britain's most expensive flat.

The sale, reported by The Times, could see the flat's value rise to an incredible £175million – nearly £11,000 per square foot.

The 16,000 sq ft penthouse is reportedly a "core and shell", with no internal walls, flooring or bathrooms, which runs right the way along the building.

Hundreds of thousands of pounds will presumably be spent by its new owner to divide the property into rooms and then furnish it.

The apartment, just five minutes  walk from Harrods, was sold by CPC Group.

A spokeswoman for CPC Group said “We can confirm that a 16,000 sq ft duplex Penthouse [Penthouse D] at One Hyde Park was recently sold.

"CPC Group is not able to comment on the sale price or the purchaser. However, global professional valuation companies have valued the finished penthouse at circa £160 million-£175 million."

She added that buyers at the development on the south side of Hyde Park has "seen significant uplift in the capital value of apartments since the scheme officially launched in 2011".

The lavish Knightsbr­idge development, which overlooks London's famous Royal Park, consists of 80 apartments in four pavilions and It was designed by architect Richard Rogers.

The news comes as it was revealed yesterday that British house prices are rising at their fastest rate since 2007 – with values soaring by £1,500.

Prices shot up by 10.9 per cent year-on-year in April, according to Nationwide building society.

Growth in house prices has not hit the 10 per cent mark since April 2010.

  

Posted in Product news on