Luxury flat goes on the market for £20MILLION (and that’s not including £45k a year service charge!)

March 1, 2013 | by | 1 Comment

A flat has become one of the world’s most expensive three-bed homes after it was put on the market for £20 million – and an annual service charge of £44,000.

Montpelier Hall in Knightsbridge is one of the capital’s most luxurious apartment blocks and is located a stone’s throw from Harrods.

And now a stunning second-floor flat, which spans the entire front of the former nurses’ quarters, has come onto the market for £20 million.

Montpelier Hall in Knightsbridge, London where a 3 bedroom flat is up for sale for £20 million

Montpelier Hall in Knightsbridge, London where a 3 bedroom flat is up for sale for £20 million

The lavish three-bedroom home is spread across a vast 3,888sq/ft – with each sq/ft costing £5,114.

But on top of its whopping price-tag, anyone living there will have to pay a further £44,000 annual service charge – the same price as a three-bedroom house in Manchester.

Located just off Brompton Road, the flat features a 45ft reception room, dining and bar areas, a media room but just three bedrooms with en suite bathrooms.

It also comes with two parking spots, with private spaces at a premium in the area and often costing up to £100,000 each.

Montpelier Hall, originally constructed in 1896, was developed by upmarket property group Finchatton at the end of the last decade.

The facade has been retained but the interiors have been completely renovated to create the lavish accommodation.

There is a 24-hour concierge but no garden – although the flat does have a private terrace.

The home is being advertised by the exclusive agencies Savills and Beauchamp Estates.

Gary Hersham, boss of Mayfair-based Beauchamp Estates, refused to discuss the property because of a strict confidentiality agreement with the super-wealthy owner.

But Philip Woolf, an independent property expert who deals with some of the world’s wealthiest individuals, knows Montpelier Hall well.

He said: “It is arguably the finest boutique building in Knightsbridge.

“It is 100 metres from Harrods and has two underground car parking spaces, you can’t ask for much more than that.

“Montpelier Hall will attract someone of significant wealth who doesn’t want to shout about it.

“It is on the doorstep of Harrods but doesn’t scream opulence. It is understated luxury.

“There is a lack of lateral space in Knightsbridge so for 4,000 sq/ft to be based on one floor is very unusual.”

Category: Business

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  1. Anonymous says:

    Was flipped literally about 6 times before finchatton bought it. I sold it at one point for £20m for the entire block! True story

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