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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.

Annika Kisby, 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