Newspaper article The Evening Standard (London, England)

Record [Pounds Sterling]100m Asking Price for Terrace House

Newspaper article The Evening Standard (London, England)

Record [Pounds Sterling]100m Asking Price for Terrace House

Article excerpt

Byline: MIRA BAR-HILLEL Property Correspondent

A SIX-STOREY terrace house in Belgravia has gone on the market for a record-breaking [pounds sterling]100 million.

The property in Belgrave Square has more than 21,000 square feet of living space -- the equivalent of about four large family homes. The current record London house price is [pounds sterling]80 million, paid last year by Ukrainian philanthropist Elena Franchuk for a property in Upper Phillimore Gardens, Kensington.

The stucco-fronted house at No 10 Belgrave Square, owned by Lebanese developer Musa Salem, has 20ft ceilings in some rooms and lavish fixtures and fittings throughout. Mr Salem bought the property several years ago on a long lease from the Grosvenor Estate. The sale was on the condition he restored it to full Victorian glory, at which point he would be granted the freehold.

The renovations included gutting the building behind the facade, digging a large basement and acquiring a mews house behind. …

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