A central London flat is being
offered on the letting market for £11,500 a week – equivalent to £598,000 a
year – making it what it is thought to be the city’s most expensive rental.
The four bedroom maisonette
is located at 99 Park Lane
in Mayfair. It extends to 5,900 sq ft and
includes a swimming pool and gym, staff quarters, private parking and views
over Hyde Park. The property also has a famous
past, being one-time home of actor Douglas Fairbanks Junior.
Letting agent Peter
Wetherell, Chief Executive of letting agents Wetherell told Homes &
Property: “With its iconic Park Lane address and Hyde Park views this expansive
Mayfair residence has been home to banking tycoon Sir Moses Montefiore, the
Grosvenor family, and Hollywood legend Douglas Fairbanks Jr.
“Guests have included
Rothschilds, Churchills and movie A-listers including Noel Coward, Rex
Harrison, David Niven. This is Park
Lane’s only maisonette with the benefit of a
private swimming pool and spa, its own carriage driveway and private off street
parking. It is one of the most interesting and special lettings opportunities
in Mayfair at present.”
At £11,500 per week the
flat will cost a prospective tenant fourteen times the average London asking rent
of £814 (according to Zoopla) per week – and it’s not really all that big or
luxurious in the scheme of things. It probably serves to illustrate the old
adage that in property location really is everything.