Property tycoon Nick Candy, looking to capitalize on the recent surge in demand for super-luxury homes, is ready to part with his sprawling London penthouse—complete with a champagne room and uninterrupted views across Hyde Park—for the sizable sum of £175 million (US$241 million), according to his spokeswoman.
The apartment is at the lavish, park-side One Hyde Park, an opulent trophy project developed, designed and managed by firms controlled by Mr. Candy, 48, and his brother, Christian.
With its nine-figure price tag, the home is by far the most expensive property available to buy in the city, where the next-priciest abode publicly listed on the market clocks in at £54.5 million, according to listing portal Rightmove.
Estate agencies Savills and Knight Frank have been appointed to the deal, but the five-bedroom home—which became available this week—hasn’t been formally listed and the sale is expected to be done directly given the caliber of the property, the spokeswoman said.
“This is a truly exceptional penthouse over two floors of this exceptional scheme,” Jonathan Hewlett, head of the London region for Savills, said in an email comment. “And, as its address suggests, it commands fabulous views over Hyde Park.”
Knight Frank declined to comment on the listing.
Spanning 18,000 square feet, the spread in posh Knightsbridge is decked out with myriad high-end amenities.
There’s a double-height reception room with a bespoke glass fireplace and views across Hyde Park; two studies with bespoke home working set-ups, audio-visual equipment and meeting areas; a champagne room; and an illuminated temperature-controlled wine room for 750 bottles.
Plus there’s a games room with a cocktail bar; a home cinema; a gym; a spa with a treatment room, a sauna and steam room, a massage room, and a manicure and pedicure area; and two wraparound terraces.
Despite its handsome price tag, the home’s eventual sale won’t be a record breaker for London, unless it changes hands for significantly over ask. The current holder of that accolade is a Knightsbridge megamansion that sold in early 2020 for upward of £200 million.
It’s mega deals such as that one—along with private requests he’s received from trophy buyers in the U.S., Hong Kong and China—that prompted Mr. Candy to list the home for sale, his representative said.
Last month, another penthouse at One Hyde Park sold unfinished for an estimated £111 million. With the addition of stamp duty and fit-out costs, the actual cost of that 14,000-square-foot apartment will likely be in the region of £150 million to £160 million, she added.
London led the world in high-end home sales in 2020 with more super-prime real estate deals than any other market, despite multiple lockdowns in response to the Covid-19 pandemic, according to a recent report from Knight Frank.
“After five years of price falls, the capital is set for a reset, and the latest numbers from Knight Frank’s super-prime data confirm that London is on top of the world,” the report said.
Article Source: Mansion Global