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Record-breaking sale for Harrods Estates

by LLP Editor
28th Nov 19 11:48 am

It has been a year of uncertainty in many respects for the British economy, but positive signs of confidence in timeless Prime Central London real estate are evident in the latest record-breaking sale achieved by Harrods Estates. The sale of this terraced period property, one of the elegant red brick townhouses surrounding the Harrods store and now converted to three apartments, has broken previous records for a single period property with an achieved price close to asking of £23,950,000. The sale of 32 Hans Road was agreed in September and has completed this week despite the recent announcement of the General Election on 12 December.The Hans Road property is an outstanding development of three individual apartments set over 6 floors and was project-managed by Dartmouth Capital Advisors, development advisors to Singapore-based City Developments Limited. The freehold sale achieved a blended average £psf price in excess of £4,000 psf, another record for the location, another record for the location.  In keeping with the style of the 1890s’ architecture, the property pays homage to its period elegance yet comes with lift access, contemporary designed interiors and modern technology. Simon Barry, Head of New Developments at Harrods Estates said, “Hans Road and the surrounding few streets are affectionately known as Hans Town, after Sir Hans Sloane, an Irish physician, collector and botanist. New refurbished properties of this quality in such a prestigious location offering exceptional interior design and specification rarely come onto the market, and when they do, we see record prices. It is understandable why the streets immediately surrounding Harrods  are so sought-after. Proximity to Harrods offers a world-class luxury lifestyle and the highest standard of amenities on the doorstep.”Simon added, “The sale to a European investor shows that overseas buyers have confidence in the long term future of Prime Central London and are prepared to pay premium prices for the best quality properties in the best locations.”The total value of sales reached in the Hans Town postcode was £189,512,251 within the past 12 months (excluding the current sale).

Since the arrival of Harrods itself at its current site in 1849, Knightsbridge has been transformed and is now one of the most sought-after locations in the world in which to live and own property. The recent recreation of the Harrods Beauty Rooms, as well as the revamp of the famous Food Hall and all-day opening of cafes such as Ladurée and Harrys, make the property on Hans Road even more desirable.The second floor duplex apartment within this particular Hans Road property is now available to rent at £3,725 per week from Harrods Estates. At approximately 1,700 sqft this apartment is situated directly opposite Harrods, featuring period elements combined with contemporary interiors. Todhunter Earle has interior designed this apartment with beautiful furnishings to compliment the lift access, air cooling and underfloor heating, in addition to a beautiful first floor reception room with a traditional bay window and high ceilings.Harrods Estates is also offering a spacious two bedroom, two bathroom apartment on Hans Crescent. Excellently situated between Harrods and Sloane Street, the apartment offers a stunning third-floor view of the traditional red-brick street and Harrods itself. This home has been extensively refurbished and interior designed in recent years, benefiting from high ceilings and beautiful stone floors in the reception areas. The property also has air cooling/heating systems and the option of secure underground parking. Available to rent for £2,250 per week.Just around the corner in Hans Place, Harrods Estates are offering a stylish two-bedroom apartment in another beautiful 19th century red-brick period building for sale. The property has been completely refurbished to the highest specifications, offering the perfect residence for luxury living at this prestigious address. Benefiting from private access to the gardens of Hans Place, as well as gorgeous views over Pont Street, the asking price is £2,675,000 Subject to Contract.

It has been a very positive few months for the team at Harrods Estates with a record month for Lettings in October and having recently won the UK International Property Awards for Best Estate Agency Single Office in London 2019-2020.

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