A luxurious £11 million flat located near Buckingham Palace in Belgravia has been struggling to find a buyer, remaining on the market for over five years. Situated in a modern development on Montrose Place, this lavish three-bedroom flat boasts a wine cellar, private terrace, and self-contained staff ensuite accommodation. The spacious 3,084 sq ft property features a 36ft south-facing reception room with hardwood flooring and a marble finish in the kitchen, offering a truly luxurious living experience.
Despite its impressive features, such as three large double bedrooms, a wine cellar, and a staff studio flat, the property has not been able to attract buyers due to its hefty price tag and high service charges. With an eye-watering £11,795,000 price for the 100-year leasehold and a service charge of £7,423 per month, along with being in the highest council tax band H, the cost of living in this flat is exorbitant. Additionally, a similar £11 million three-bedroom flat in the same building has also struggled to find a buyer since November 2019.
The principal bedroom in the flat is generously sized with a separate dressing room and a luxurious bathroom complete with a bath, shower, toilet, bidet, and twin sinks. The second bedroom also features an ensuite bathroom with a bath and large built-in closets, while the third bedroom offers views of Halkin Street Garden. The property also includes a wine cellar, a staff studio flat with a cooking area and ensuite bathroom, a spacious kitchen with access to a terrace, a large drawing room for entertaining guests, and air conditioning with Lutron lighting.
Located just off Belgravia Square and an 8-minute walk from Hyde Park Corner, the flat offers easy access to the shops, cafes, and restaurants of Knightsbridge and the amenities of Motcomb Street. Despite its luxurious features and prime location, the property has remained unsold for several years, highlighting the challenges of selling high-end real estate in the current market.
For potential buyers looking to experience the height of luxury living in central London, this £11 million flat in Belgravia offers a unique opportunity to own a prestigious property with unparalleled amenities and a prime location. With its spacious layout, high-end finishes, and exclusive features, this flat is truly a one-of-a-kind opportunity for discerning buyers seeking a luxurious lifestyle in the heart of the city.
