What can you buy for $240 million in London?

It is a question that has, no doubt, been on a lot of people’s minds and now there is an answer.

An opportunity to buy a bonafide megamansion in central London has arisen after a colossal building in the capital—once 18 individual homes—designed by one of London’s most famed architects, hit the market.

Built in the 1820s, the Grade I-listed building spans 117,000 square feet and has planning permission for the development of two houses, 26 apartments and 42 underground parking spaces, according to a news release from Savills, who are joint selling agents along with Aylesford International.

But the agents apparently expect the property to be acquired by an individual. “Nothing on this scale in such a prime London location has ever come up for sale,” Stephen Lindsay, head of Savills St John’s Wood, said in the release. “It is an opportunity to create a special and extensive private estate within the tranquil surrounds of Regent’s Park, moments away from Marylebone High Street and the West End.”

If sold at the asking price this property would become the second most expensive sale in London after the $260 million sale of a mere 62,000 sq.ft house earlier this year.

Andrew Oliver
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReports.com
[email protected]

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“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”