London: A £24 Million Garage?

We know that London is expensive, but can they really pull off a £24 million garage? Apparently so. A former house for Bentley racing cars in the 1920s is now a 6,200 sq. ft. home in London’s most posh neighborhood, Mayfair.

Turning the garage into the world’s most expensive mews home was no small task. In 2011 the property was bought for what now looks like a cheap £7.4 million. It was developed from a hallow space to a four-floor mansion equipped with a gym, cinema, wine cellar and winter garden roof terrace. And that’s just the amenities. The home also boasts six bedrooms including a master bedroom suite with two bathrooms and dressing rooms, four other bathrooms and separate quarters for staff. The property overall is six times the size of an average new home in the UK and the £24 million price tag is 130 times more than a typical English home.

The home however hasn’t totally rid of its roots- it still has an internal garage with room enough for at least one Bentley, which will be enjoyed by it’s new and apparently Qatari owner. While the home went on the market last year with estate agents Wetherell, Knight Frank and Rokstone, the sale was just confirmed by James Van Den Heule, director of Fenton Whelan. While the upmarket developer wouldn’t disclose information on the price paid for Stamp Duty, the estimate would be around £2.8 million. This Duty is one of the main reasons for a drastic drop in prime property sales, which has saw the market in a recent struggle.

This luxury estate can be found at the discreet Reeves Mews behind Upper Grosvernor Street. James Robinson, general manager at mews specialists at Lurot Brand comments, “For many years mews houses were the rubbish behind the main homes but today they are like a little oasis.

“They are very discreet and secure and in the best part of town. Reeves Mews ticks all the boxes – it really has been done to the highest standards.

“What is refreshing is that they haven’t gone too subterranean. It is quite humble from the outside but behind the facade it is phenomenal.”