London Mansion On Sale For $160 Million


London Mansion On Sale For $160 Million

This Grade 11 listed property was built in 1910 and would have been one of the super mansions of its day and the present owner, Andres Panayiotou, has painstakingly restored it over a period of approximately five to six years to its former glory.  Andres purchased the property in 2006 for £14 million from an undisclosed property company.  The home was built in 1910 in the Arts and Crafts style for a member of the Lyle family of Tate and Lyle.  It used to have 19,000 square feet of living space and was then owned by the Bank of China from the 1950’s onward, the house was used to house their employees but fell into disrepair.  There are 14 bedrooms suites, 6 reception rooms, a drawing room, dining room, family room, sun room, snooker room, library, home cinema, steam room with sauna, fully fitted home gym and wine cellar with climate controlled temperature.  Neighbours of the property include the Sultan of Brunei and members of the Saudi Royal Family.  The tenure is freehold and the overall square footage is approximately 27,000 square feet, set in approximately 2.5 acres of manicured grounds.  Features include an indoor pool with jacuzzi, outdoor pool with summer house, tennis court & gardens.

When Panayiotou bought the estate he intended to restore it as a place for him and is family to call home.  He also planned to build additional houses within the grounds that he could sell for a profit.  He ended up deciding to stay at his 25 acre country estate in Epping Forest and to completely restore & extend Heath Hall.  The plasterwork and fireplaces have been restored costing close to £250,000.  The renovations & restoration have cost him well over £40 million, but he admits that he did not have budget when it came to restoring Heath Hall.  The property is now listed at $160,000,000.

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