News | Receivership
Receivership team sell Mayfair Mansion for £15million
The Allsop Receivership team have completed on the sale of Red Lion House, Mayfair for £15m. The property is reported to have been the 2nd house in Mayfair to sell for over £10m since 2017.
The property comprises approximately 8,500 sq. ft. of accommodation arranged over 7 floors and boasts a swimming pool, cinema, 6 bedrooms and 2 roof terraces.
Victoria Liddell, Partner at Allsop said “Over the past 2-3 years we have seen a steady increase of prime and super prime residential properties in London in receivership.
The recent sale of Red Lion House as well as other prime residential properties we have been appointed on, show that despite the well-publicised slowdown, there is still a market for these properties, as long as they are priced appropriately”
Red Lion House exchanged approximately 3-4 weeks following Allsop Receivership team’s appointment
Related Insights
From Beds to Bids: Former Care Homes selling in the Residential Auction Sector
Trends and Observations Vacant Sales Dominate: Most transactions involve vacant properties, allowing buyers the flexibility ...
Click & Mortar
Allsop City's marketing team continues to offer robust and cost-effective solutions for clients, positioning itself as a lead...
UK PBSA: Lower Transactional Volumes, But Why?
The UK Purpose Built Student Accommodation (PBSA) sector has seen a notable drop in transactional volumes over the past 18-24...
Allsop raises £45 million in July residential auction including Marylebone block of flats
Allsop, a leading property consultancy and the UK’s leading property auction house, raised £45 million at its two-day July re...