£250m mansion gets planning green light

Written on 26 July 2013 by Alistair Boscawen in Property News


There are plans for Cambridge House on Picadilly to be restored to it's former glory by developers…..

Planning permission has been granted for what is about to become one of the most grand and expensive properties ever seen in London.

David and Simon Reuben plan to turn Cambridge House on Piccadilly in Mayfair into a 45-room palace with underground swimming pool, ballroom and a wine cellar large enough for 35,000 bottles.

Picadilly CircusOnce renovations are complete on the Grade I listed building, experts predict that the property will command in excess of £250m making it the most expensive home for sale in Britain.

The property, which was formerly home to one of the world’s most exclusive gentlemen’s clubs, the In and Out, was bought by the Reuben brothers in 2011. Having been left to fall into ruin since its former occupants moved out in 1999, extensive and sympathetic restoration work will be needed to bring the property back to its former glory.

Once complete, the property, which will take three-years to fully restore, will measure the same size as a football pitch.

At Best Gapp, we think this is just what’s needed to keep exclusive areas such as Mayfair well and truly on the property map.  Sales partner Alistair Boscawen says "it is wonderful to see period properties in such prime positions that have fallen into disrepair and lain derelict for so long,getting the attention they deserve. Especially those with such a rich heritage and of cultural significance, standing in such a prominent position on Piccadilly being restored to a family home."

Source: The Daily Mail 

Image licensed by creative commons by S Pakhrin

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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