There are some exciting property developments taking place in Mayfair.
24 Grosvenor Square
The American Embassy, formerly of number 24 Grosvenor Square, has now found its new home in Nine Elms, in Wandsworth. When this move was confirmed, the iconic Grosvenor Square residency was purchased in 2009 by Qatari Diar, real estate investment giants with multiple projects spanning the globe. The former American Embassy is now being transformed into a luxury Rosewood hotel, awarding Mayfair with yet another jewel to its crown. Development is now underway on the 4,050 square foot and nine-storey property.
Amongst its planned 137 rooms, the hotel will also feature a huge ballroom, five restaurants, and six luxury shops, as well as a spa and bars.
20 Grosvenor Square
Similarly, at 20 Grosvenor Square, the former Americans’ navy HQ has been transformed into the first ever standalone Four Seasons residences. Thirteen years in the making, the landmark development combines luxury hotel with high-end homes in what has been described as the ‘King of Mayfair’. Prices for three-bedroom residences are reported at beginning at around £17.5m, and five-bedroom residences at £35m. This is an extremely exciting development opportunity for the former navy base.
Investing in Mayfair Properties
Mayfair, it seems, is entering a revival period. Formerly a very fashionable place to see and be seen in, these new luxury residences and hotel developments are sure to bring fresh tourist interest and investment to the area. Property in Mayfair does not necessarily mean purchasing these million-pound property investment opportunities, but it may inspire you to consider property hunting in Mayfair. With our extensive expertise as London property agents, we can help you find your dream home in Mayfair.
London Property Buying Agents
Mayfair’s property portfolio is impressive, and properties in Mayfair have an average value at around £2.6m (accurate to February 2020). Regent’s Park properties, a mere stone’s throw away, rest at an average value of £1.5m (accurate to February 2020). If you’re searching for a property in Mayfair, then you will find our London property buying agents invaluable to your selection.
Get in touch with Jane Wood Property Location, the premier choice for independent property agents in London, to begin your search for the perfect Mayfair property. Call us directly on 0207 1297839 or Contact us to send us your brief, and we will begin short-listing potential properties for your consideration.