Mayfair car park to become £2bn apartment block

Written on 13 April 2015 by Alistair Boscawen in Property News


Phones4U billionaire John Caudwell has revealed plans for a £2bn apartment block in the centre of Mayfair.

berkeley square, mayfair london
Upmarket development could eclipse One Hyde Park in Knightsbridge

The development will include 30 “super prime” flats and townhouses. A planning application for the 200,000 square feet “neo-classical” project on the site of a 1960s multistorey car park was sent to Westminster Council this week.

If approved, the development could rival One Hyde Park in Knightsbridge, where a penthouse sold for a record-breaking £140m in 2010

Homes in the new Audley Square House project have the potential to fetch a record £7,000 per square foot and could even become the first to break the £10,000 barrier.

The block will have nine storeys above ground topped by two duplex and one triplex penthouses. There will also be five basement levels, including two for car parking.

For more information click on the link below:

Evening Standard

Image credit:  Paul Farmer

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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