£40m for Mayfair mansion
- DATE : December 5, 2018
10 Stanhope Gate is in the heart of Mayfair, close to Hyde Park, the Dorchester Hotel, and near Mayfair’s most important streets and amenities.
Originally offered with a price tag of £50m, property research group Prime Resi are reporting that this Georgian mansion has sold for in excess of £40m thus brushing off Brexit related market anxiety.
The property is on six storeys – with all floors, from lower ground to roof terrace, connected by both stairs and passenger lift and has completely been refitted at a cost of £4.5m. Depending on whether this is a first or second home for the new buyer, the stamp duty land tax on this acquisition will be £5m or £6m.
