Britain’s first £200m home revealed

October 25, 2012 at 2:37 PM Leave a comment

The number of people who can afford it will be very small, but nevertheless one of London’s most venerable landmarks is to be converted into a home and sold for £200m making it Britain’s most expensive home.

The property, which was built in 1750 for the Second Earl of Egremont, was until 1999 the ‘In and Out’ club on one of London’s most famous thoroughfares, Piccadilly, overlooking St James’s Park and Buckingham Palace.

The club, which takes its unofficial name from the prominent entry and exit signs on the property’s street-facing boundary walls, was originally named the Naval and Military. In 1999 it moved to new premises at No.4 St James’s Square after failing to negotiate terms for a new lease at its now former address.

No. 94 Piccadilly was originally known as Cambridge House, a name that its current owners, publicity-shy billionaire property developer siblings David and Simon Reuben may wish to resurrect.

They bought the Grade I listed property and its neighbour, the American Club, for £130m in 2011 after they had stood unused for a decade while the previous owner tried unsuccessfully to get planning permission and funding to convert them into a hotel.

Instead, this week it was revealed that the Reuben brothers are to convert No.94 into a 48-bedroom mansion with a 35,000 bottle wine cellar, underground swimming pool and gym.

Until that work is completed and a £200 million price tag achieved Britain’s most expensive property is Park Place, a Berkshire mansion that Russian billionaire Andrey Borodin paid £140 million for in 2011 followed by an apartment at One Hyde Park in Knightsbridge sold – also in 2011- for £136 million.

See Zoopla’s list of London’s most expensive streets.

Entry filed under: Interesting properties. Tags: , .

Zoopla Housing Market Sentiment Survey Q3 – confidence up on last year Where trick or treating is safe as houses?

Why not leave us a comment or share this with the buttons above?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Zoopla.co.uk

Search over 1 million properties for sale or to rent on our site from more than 18,000 agents and developers, including all of the UK's leading names.

Posts delivered hot and fresh to your inbox. Signup for free to subscribe, (No spam... ever) and join over 16,000 others.

Enter your email address below:

Recent Posts

Follow Zoopla

Archives

About the Zoopla blog

The Zoopla property blog is maintained and edited by the Web Content Editor @ Zoopla Property Group Ltd Myra Butterworth.

Follow

Get every new post delivered to your Inbox.

Join 436 other followers

%d bloggers like this: