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They Can't Give Them Away!

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Trevor Abrahmsohn, who runs Glentree Estates, said: . . .

'It is a reduction in the asking price, but not the underlying value.'

LOL.

:lol::lol::lol: That should go down in HPC lore as an all time top quote. As Dolly Parton said, 'it costs a lot of money to look this cheap.'

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Trevor Abrahmsohn, who runs Glentree Estates, said: . . .

'It is a reduction in the asking price, but not the underlying value.'

LOL.

Classic. The quote works both ways of course, "It's an increase in the asking price...".

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Maybe its just me but all I see are properties that no matter how cheap are going to cost an absolute fortune in ongoing costs.

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1404129847097_wps_20_Reduced_from_49m_to

Good deal? £2.5million has been slashed from the price of the home on Lyndhurst Road in north London, however, the seven-bedroom architectural masterpiece will still cost £46.5million

It looks like a match to this house, to me. The suspected owner/seller's name is given in the article, but for some reason I prefer to not use it in my quote.
Article suggests he's got lots of property interests, but I think his last super-bling purchase (not this house above) happened last year, and only now is the story about identity of the buyer.
Published: 22:57, 12 July 2014
*******enko’s identity came to light following a dispute between various estate agents over a ‘finder’s fee’ following his Lyndhurst Road purchase.

The tax tribunal, which confirmed the purchase had gone through, revealed that *******enko was ‘very annoyed’ after being gazumped on another prime London property.

When he was told the Lyndhurst Road property was available, later that night he drove past and offered to buy it for £43million, according to tribunal papers.

The tribunal heard this was an astonishing offer, ‘considerably in excess of the value of the property’.

With two swimming pools, the double-fronted house boasts seven bedrooms and has been refurbished to the tune of around £10million.

Bought by *******enko in 2011 for £41million, it has recently been put back on the market for £46.5million.

Rightmove: http://www.rightmove.co.uk/property-for-sale/property-46843496.html

Edited by Venger

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