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£50m mansion sale beats all previous records.

Posted by Patrick Woolmer on Thu 24th January 2008 at 01:40 AM, Filed in Luxury Real Estate To Let Or Buy

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With all this talk of a market slowdown we are seeing some incredibly expensive houses being snapped up here in the UK. Last week was a £35m pad bough by Israeli Diamond billionaire and this week we’ve got the sale of Toprak Mansion on The Bishop’s Avenue, London by a billionaire from Kazakhstan.

That makes this sale a record breaker as it’s the most expensive new build sold in the UK to date. Now we’re awaiting the sale of Updown Court, the £70m mansion in Surrey that towers above these recently sold.

The property was marketed discreetly for several years, and incredibly the asking price climbed from £30m to £50m as prime residential London prices soared. It will now be known as the Royal mansion.

Toprak Mansion itself is one of two houses built on a plot of land that was left empty after squatters burnt down the previous house.

The neo-classical Toprak, with a green copper roof and Grecian-style pillars at the front, sits in two acres of garden and boasts a main salon that is 80ft long with a 30ft dining table, a Turkish bath that can accommodate 20, a swimming pool with a glass bridge and four separate kitchens.

The purchaser intends to spend up to £30m on a revamp by a top Italian designer, as well as installing a beauty salon, spa, heliport, cinema and squash court.

Trevor Abrahamson, managing director of Glentree Estates, the estate agent, sold both Toprak Mansion and Palladio. “It is another record amount, but the purchaser thinks it is a very reasonable figure for this sort of house,” he said.

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