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Dublin: 15°C Thursday 11 August 2022

A flat in this London complex is about to hit the market for £150 MILLION

The luxury apartment at the city’s famed Admiralty Arch complex is set to be London’s most expensive-ever flat.

Admiralty Arch Admiralty Arch in London Source: PA

A LUXURY FLAT at one of London’s most exclusive locales is set to hit the market for a record price.

At £150 million (€180 million), the price being asked for the apartment at the Admiralty Arch complex would see it become the city’s most-expensive ever flat.

That would see it take the title from One Hyde Park, which hit the market in 2014 for £140 million (€168 million).

The Admiralty Arch property, which covers 15,000 square feet, is a Grade I listed building sporting six-metre-high ceilings, 12 bedrooms and 12 bathrooms.

The London Evening Standard reports that the apartment is to be brought to the market quietly by Spanish developer Rafael Serrano, who first purchased the property for a cool £60 million (€72 million) in 2012.

Along with the apartment sale, a luxury hotel is to be built as part of the complex.

Assuming the buying-price for the flat is met, the new owner would gain a 250-year lease, together with marquee views of nearby Buckingham Palace, St James’ Park, and Trafalgar Square.

Stamp duty alone on the apartment would probably be in the region of £16 million (€19 million).

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The title deed comes hand-in-hand with valet parking, a private lift, and lifetime membership to a private members’ club.

“It’s extremely rare for developments that are steeped in history, as well as offering unrivalled interiors and a full concierge service, to come to the market,” Tim Macpherson of estate agency Carter Jonas told the Telegraph.

The ceiling heights alone are at least a third higher than that of other luxury London apartments then there’s the simple cachet of living at this address and presumably its unmatched London views.

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