Britain’s most expensive one-bedroom flat has gone on the market – yours for £10 MILLION

Simon Barnes, an independent property consultant, has been inside One Hyde Park and deals in the super-prime market.

It is an amazing place and is not be like buying a one-bedroom flat. It is a very modern, high quality build, you have the Mandarin next door and the ultimate concierge.

The sort of person who will look at it is likely to be the sort of person who spends a lot of time in a hotel. But for £10 million you could get quite a few nights in the finest hotel suite.

The bar in residential development keeps being raised. What you lack in London are the locations to build on which is why they can charge such a price at One Hyde Park.

Will the quality of developments improve? Yes, but it is highly unlikely you find a better location.

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Daily Mail – 7 January 2014 by Martin Robinson

EXTRACT: “Aristotelis Mistakidis is worth £1.5 bn in the top 50 richest men in Britain. He has bought a duplex in the prestigious Chesham Place block in London. £46million price tag makes it the third most expensive registered sale in UK. Belgravia block designed by Lord Foster and developed by Candy brothers”

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http://www.standard.co.uk/news/uk/exclusive-tycoon-pays-46m-for-london-flat-plus-3m-more-in-stamp-duty-9962649.html

EXCLUSIVE: Tycoon pays £46m for London flat (plus £3m more in stamp duty)

London Evening Standard – 7 January 2014 by Adrian Hearn and Russell Lynch

EXTRACT: Property consultant Simon Barnes said it is rare for a home of this value to be bought by an individual.

He added: “I’ve dealt with these sorts of properties for 30 years and historically they are traded through companies, which helps maintain a level of anonymity. Chesham Place is phenomenal. You’re not just talking about a flat in Belgravia. Candy & Candy have done a fantastic job. The presentation and finish is very good. It ticks all boxes and you couldn’t replicate it.”

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http://www.standard.co.uk/news/uk/exclusive-tycoon-pays-46m-for-london-flat-plus-3m-more-in-stamp-duty-9962649.html