Candy has submitted plans to the Kensington & Chelsea council to build a home in a compound in the Royal hospital Chelsea grounds that could fetch more than £200m.
Candy paid £75m for redeveloping Gordon House, a listed building in the compound which was constructed for a high-ranking army officer.
Proposals include creating a mini village in the compound by redeveloping other Grade II listed buildings in the vicinity including the Orangery and the Creek Lodge and connecting them to Gordon House through an annexe.
Gordon House will have four bedrooms and a master suite with his and hers bathrooms and dressing rooms. It’ll also have 20 floor-to-ceiling windows, a China room and tea lounge.
Creek Lodge would be converted into a two-bedroom house for guests or staff. The annexe, connected to the main home will come with a swimming pool, cinema, bowling alley, dance studio, two treatment rooms, a wine store and guest accommodation.
Tracy Kellett, owner of estate agency BDI Home Finders thinks the property will “fetch a massive premium due to its special status”.
“It will be a one off opportunity to own two acres in prime central London and will have the Candy badge. It will appeal to the show off billionaires who want something no one else has got. I can see it reaching £200m or more.
It is likely to be London’s most expensive home, particularly as it will be of a relatively modest size compared to many of the other properties sold at this sort of price level.
But does it have the potential to be worth more than Reuben brothers’ plans of redeveloping the In & Out club and the Carlton Terrace Home?
“As a one off with the puzzlingly beneficial badge of Candy and with the rarity value of two acres of prime central London, I think it is likely to knock spots off them.”
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