On the other side of Buckingham Palace, down The Mall is an apartment that commands a price worth it’s location. The apartment in Admiralty Arch is on the market for an estimated £150million. Estate agents expect the the 12 bedroom apartment to for as much as £9,000 per sq. ft, higher than the City of Westminster average of £1,500.
The property comes with 18ft ceilings, original fireplaces, a concierge service, off-road valet parking and lifetime membership to a private members’ club. The stamp duty alone will be around £16million. This apartment is quietly being marketed by Prime Investors Capital, which has the option of converting it into four smaller flats or to retain it as one big apartment.
Tim Macpherson from the estate agency Carter Jones says “It’s extremely rare for developments that are steeped in history to come to the market. Then there’s the simple cachet of living at this addressed its unmatched London views.” The apartment’s sale sets a new record for the London property market after the 2014 sale of a penthouse in One Hyde Park at £140 million.
The Grade I listed Admiralty Arch was built in 1912, it was supposed to be ceremonial centre and a place to demonstrate Britain’s wealth and overseas power.
