There are many different types of central London property on the market. When it comes to apartments, it does not get much more serious than a residence that has just gone up for sale in the Hyde Park area.
According to a report in the Financial Times, the impressive home, which belonged to Lebanon’s late prime minister Rafiq Hariri, has been put up for sale with an asking price of around £300 million. This means it is expected to become the most valuable housing transaction in British history.
The stucco-fronted property, which contains 45 bedrooms and is located over seven storeys, runs from 2-8A Rutland Gate and it covers a total of 60,000 square feet. This is only slightly smaller than the playing surface of a Premier League football pitch. Meanwhile, it comes with a swimming pool, a number of lifts and underground parking, among other facilities.
For added protection, the windows overlooking the park are thought to have been bullet-proofed. This may reassure potential buyers. After all, there are 68 windows on that side of the property.
Originally built as four separate family houses, it was owned by Mr Hariri until his assassination in 2005. Following this, it was given as a gift to Sultan bin Abdulaziz, crown prince of Saudi Arabia. However, he died in October.
If the central London property fetches its asking price, it will have a value nearly 800 times the average London property, the Financial Times noted.
Regardless of whether people are trying to buy or sell central London apartments, they can approach estate agents for assistance.
Decisions when it comes to property can be among the most important consumers ever make, so it is important they get them right. Large sums of money may be at stake, so the consequences of mistakes could be disastrous.