One Hyde Park Flat For Rent – £2m A Year

An apartment in the Candy Brothers ultra-prestige One Hyde Park development has come up for rent at an asking rent of £40,000 a week, equivalent to £2.08m a year – plus admin charges.

The furnished 9,200 sq ft apartment occupies the entire seventh floor and is divided into two wings with five bedrooms, five bathrooms, five reception rooms, and an expansive 35 metre central hallway. It offers views across Hyde Park and the Serpentine on one side, and over Knightsbridge on the other. It is reported to be one of only two such apartments which have been offered for letting since the development was completed in 2010.

Letting agent Mark Tunstall told Homes and Property in their report of the listing: “At this sort of extremely rarified price level there are either people who could come in and snap it up immediately – or there are not. It could take six months, but these large lateral apartments are very unusual.”

Even in the London market two million pounds is a lot of money to pay for a year’s use of a property you will never own, no matter how exclusive it may be. Whether or not someone is prepared to pay the asking rent will be a useful bellwether as to where the prime London market might be going.

Source Homes & Property
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