THE most expensive house in the UK has gone on sale for an eye-watering £250million
Located in the heart of London’s Regents Park, the mansion is likely to attract some of the wealthiest buyers in the world.
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The expiry of a massive loan secured by its owners put the palatial pad in the hands of receivers, triggering what could be the the capitals most expensive ever house sale.
The Holme has already attracted interest from ultra-wealthy buyers, and agents are hopeful to get £250m for the property.
Should they be successful it would top the price of London’s previous most expensive home, the £210m mansion overlooking Hyde Park, owned by Evergrande founder Hui Ka Yan, reports The Financial Times.
One property investor, with knowledge of the sale, said: “It is extraordinary to have four acres of Regent’s Park being repossessed.”
According to records from the Land Registry, Prince Abdullah bin Khalid bin Sultan al-Saud, a member of the Saudi royal family and representative of Saudi Arabia to the United Nations in Vienna, is one of the beneficial owners of the property along with other family members.
The Regent’s Park mansion fell into the hands of receivers after a loan secured against the property expired, according to three people with knowledge of the arrangement.
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Prince Abdullah did not respond when approached for comment.
The Holme is the highest-valued asset in the portfolio of properties against which the debt is secured, and a sale of the London house is understood to be the easiest way to pay off the loan.
The receivers have appointed agents Knight Frank and Beauchamp Estates to handle the high-end sale.
The freeholder of the land is the Crown Estate.
Knight Frank and Beauchamp Estates declined to comment.
