A 24-year-old Chinese heiress has rented a property for what is said to be a record £1.55m a year.
The heiress, who is described as being from a billionaire family, has paid an upfront £3.1m to secure the tenancy, which costs £130,000 a month.
The property is a new build in Mayfair, called Culross House, constructed by developer K10 Group. The house, valued at £32m, recently featured in a Channel 5 reality programme.
The rental figure works out at £4,246 per night for 8,051 square feet including five bedroom suites, a private gym, swimming pool and a rear garden. There’s also a spa complex and home cinema room.
The unnamed heiress - whose family wealth derives from property, fashion and IT - will be using the property as a London pieds-à-terre for her visits to the capital with her boyfriend, housekeeper/cook and personal security team.
Kam Babaee, founder of K10 Group, says: “This rental deal is the largest ever paid to rent a new home in Mayfair and is also the largest upfront payment ever made to let a London home. The deal underlines the buoyancy of the super-prime lettings market in London at present.”
The agent behind London’s newest letting opportunity says it’s the most...
Pastor Real Estate, a long-standing agency operating in Mayfair and Monaco,...
The high-end agency Pastor Real Estate is marketing what it believes may be...
Investment advice company London Central Portfolio says the proposed three per...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
The benefits of communism.
All Party members are equal, but some are more equal than others.
Please login to comment