A stunning 19th century property with a staggering 60 bedrooms is for sale for just £ 23 million but buyers need to be careful – it needs extensive improvements to complete the refurbishment it needs.
With a breathtaking terrace, original gilded walls and an impressive giant staircase, the West London pad is suitable for royalty.
The scattered home, formerly a hotel, consists of two adjoining class II listed buildings with seven floors in each.
The terraces are ‘stitched and are in a style with English baroque details and French details’, including an impressive staircase
Photographs of the interior show that a lot of work is needed to modernize the built-up complex, which agents say would be ideal for apartments or offices.
The building boasts original stained glass windows, stunning tiled floors and lots of Victorian architectural features, including the intricate plasterwork on the walls.
Dexter’s real estate agents who sell the property describe it as: ‘An exciting opportunity to acquire a magnificent property right.
Lots of work needs to be done to help modernize the home in west London, which used to be a hotel
‘The property consists of two adjoining white stucco fronts on seven floors, listed class II buildings in need of complete modernization.
‘The property is conveniently located close to both Lancaster Gate (Central Line) and Bayswater (Circle and District Lines) tube stations.
‘There are many shops and other facilities nearby. Oxford Street, Mayfair and Westbourne Grove are all easily accessible.
The two-story terrace at Lancaster Gate, Hyde Park, is a listed building.
‘With magnificent rooms spread over six floors, the property is full of Victorian architectural features, including intricate plasterwork and an impressive staircase.
‘This extensive building occupies a prominent corner plot in Lancaster Gate and enjoys a prime location on a parallel road to Hyde Park with partial views of the park.
‘Lancaster Gate is a mid-19th century development just north of Hyde Park. It consists of two long terraces of houses.
‘Until 1865, the terraces were known as the Upper Hyde Park Gardens. The terraces are stitched and are in a style with English baroque details and French details.
This building occupies a prominent corner of Lancaster Gate, making it a prime location on a parallel road to Hyde Park with also partial views of the park
Located in Craven Village, a pocket in London next to Lancaster Gate, there are plenty of independent restaurants, delicatessens and antique shops nearby
The name of the large terrace is taken from Lancaster Gate, the nearby entrance to Hyde Park, in honor of Queen Victoria as Duke of Lancaster
‘Renovation potential’: the real estate agents selling the property, Dexters, point out that various development options include re-installation back to a hotel or development for residential use
The impressive terrace is part of the development of the Lancaster Gate from the 19th century, and pictures show that the rooms are huge but completely bare as there is no furniture and many of the walls and ceilings need to be redone.
First developed in 1865, the two buildings took ten years to complete – and the name is taken from Lancaster Gate, the nearby entrance to Hyde Park, in honor of Queen Victoria as Duke of Lancaster.
Queen Victoria began using the title ‘Duke’ of Lancaster instead of ‘Duchess’, as she believed the latter was a title that referred to the spouse of a duke rather than the holder of a royal duchy.
A typical three bedroom apartment in the area will give you a cool £ 6.5 million. Back.