A lavish home at the centre of a long-running mega basement feud has been put up for sale, complete with a £25 million price-tag and a 30ft hole in the garden.
The Grade II listed townhouse, based in Brompton Square in Knightsbridge, has infuriated its neighbours for nearly a decade after its conman owner dug an enormous chasm the size of two tennis courts in the rear garden.
Achilleas Kallakis wanted his house to have a mega basement with a swimming pool, spa and car lift but the works were abandoned in 2008 when he was convicted of 21 charges related to his property business.
Kallakis, a former poker player known as The Don, was done for conspiracy, forgery and money laundering.
The property was sold in 2011 for £28 million to an unnamed owner who applied for planning permission to complete the project. But the house is now on the market again, crater unfilled, for £3 million less.
Property agent Savills claims the house is an “exceptional opportunity to create a spectacular family home of over 22,000 square feet in this elegant Knightsbridge garden square”.
It says the opportunity “will arise perhaps once in a lifetime”, to create a private residence of “exceptional – and uniquely personal – quality and style”.
Residents will no doubt be hoping the new owner cracks on with sorting out the hole, which they have described as a “plague on our lives”.
DealMakerz is appalled that Kensington and Chelsea approved the planning application in the first place.
Thankfully, basement excavations are now subject to tougher planning rules and taxes, resulting in the number of planning applications plummeting.
There has been an outcry about the noise, dust and subsidence, which can make neighbours’ lives a living hell.
Those affected include Queen guitarist Brian May, who threatened to leave London because of all the building works in his neighbourhood.
Westminster and Kensington and Chelsea have since banned multi-storey basements and restricted their size. Westminster has also introduced a basement tax which averages £8,000 per project.
Hopefully the residents of Brompton Square will soon have a nicer view from their pads.