A stunning 19th Century property with a staggering 60 bedrooms is up for sale for a mere £23million, but buyers beware – it needs extensive improvements to complete the renovation it needs.
With a breathtaking terrace, original gold gilded walls and an impressive giant staircase, the west London pad is fit for royalty.
The sprawling home, which was previously a hotel, comprises of two adjoining Grade II listed buildings, with seven storeys in each.
The 25,000 sq ft. (approx) property in Lancaster Gate, London, is two seven storey terraces joined together to create a huge home with 60 bedrooms
The terraces are ‘stuccoed and are in a style featuring English Baroque details and French touches’, including an impressive staircase
Photographs of the interior show that a lot of work is needed to help modernise the conjoined complex which the agents say would be ideal for flats or offices.
The building boasts original stained glass windows, stunning tiled floors and plenty of Victorian architectural features including the intricate plasterwork on the walls.
Dexters estate agents, who are selling the property, describe it as: ‘An exciting opportunity to acquire a magnificent freehold.
Plenty of work needs to be done to help modernise the home in west London, which used to be a hotel
‘The property comprises two adjoining white stucco fronted, seven storey Grade II Listed buildings in need of complete modernisation.
‘The property is conveniently located close to both Lancaster Gate (Central Line) and Bayswater (Circle and District Lines) underground stations.
‘There are many shops and other amenities in the vicinity. Oxford Street, Mayfair and Westbourne Grove are all easily accessible.
The development, comprised of two seven storey terraces in Lancaster Gate, Hyde Park, is a Grade II listed building
‘With grand rooms spread over six floors, the property is full of Victorian architectural features, including intricate plasterwork and an impressive staircase.
‘This substantial building occupies a prominent corner plot in Lancaster Gate and is in a prime location on a parallel road to Hyde Park, with partial park views.
‘Lancaster Gate is a mid-19th-century development, immediately to the North of Hyde Park. It consists of two long terraces of houses.
‘Until 1865 the terraces were known as Upper Hyde Park Gardens. The terraces are stuccoed and are in a style featuring English Baroque details and French touches.
This building occupies a prominent corner spot in Lancaster Gate, making it a prime location on a parallel road to Hyde Park with some partial park views too
Located in Craven Village, a pocket of London beside Lancaster Gate, there are lots of independent restaurants, delis and antique shops nearby
The grand terrace’s name is taken from Lancaster Gate, the nearby entrance to Hyde Park, in honour of Queen Victoria as Duke of Lancaster
‘Redevelopment potential’: the estate agents selling the property, Dexters, point out various development options include re-instating back into a hotel or developing into residential use
The impressive terrace is part of the 19th-Century Lancaster Gate development, and pictures show that the rooms are huge but completely bare as there is no furniture and much of the walls and ceilings need re-doing.
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 honour of Queen Victoria as Duke of Lancaster.
Queen Victoria started using the title ‘Duke’ of Lancaster instead of ‘Duchess’ as she thought the latter was a title referring to the spouse of a duke rather than the holder of a royal Dukedom.
A typical three-bedroom apartment in the area will set you back a cool £6.5million.