Thursday, June 12, 2014

What`s The Value Of A View & An Ultra-prime Location?

WHAT`S THE VALUE OF A VIEW & AN ULTRA-PRIME LOCATION?

Answer: £17.5 million+ £65.000 annual service charge. London apartments rarely come with more prestigious neighbours -€“ the Ritz, the Wolseley, Le Caprice, Wiltons, Bond Street, Buckingham Palace, Clarence House and Green Park all on the doorstep. The apartment is still on sale. Peter Wetherell, Chief Executive of Wetherell said: "€œAccessed from Arlington Street and benefitting from 24-hour concierge the apartment has lift and stairwell access. The apartment is for sale on a 999-year lease. The apartment is for sale for £17.5 million. Service charge, circa £65,000 per annum, ground rent £1,000 per annum."€

Posted by tanja @ 02:57 PM (2863 views)
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9 thoughts on “What`s The Value Of A View & An Ultra-prime Location?

  • This is a very one-dimensional view of prestige & desirability. Have you ever spent any time in those parts of town? The people who hang out there are the vain, the ostentatious and the shallow. They live there so they can tell each other they live there. Collecting brand-names and status-symbols is all about show and nothing to do with true class, yet they fail to see the distinction. They confuse conspicuous wealth with their own validity as people. There are plenty of other ways to be rich & successful. To take an example somewhat opposite to this, Warren Buffett still lives in the house he bought in the 1950s and I doubt would ever feel the need to use a third-party symbol of wealth to impress upon you just how rich & important he is. Remember, people: real money doesn’t shout. In many cases you would never even know that someone was rich if they walked past you down the street. They simply don’t feel a need to let anyone know. That’s a much better way to do it. So let’s leave those super-prime postcodes to the vainglorious, the kleptocrats, the newly rich and those hiding ill-gotten fortunes from the authorities back home. Let’s spectate the insane bubble in Prime Central London than they’ve blown and have a great big guffaw about their need to Let Everyone Know how rich they are. Meanwhile the rest of us will have a jolly nice time elsewhere.

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  • Einstein said the pursuit of material goods is pointless….tend to agree to a point…so many
    More interesting things to be involved in or know about/experience

    Previous real wealth used to play it down and give quietly to good causes

    Now it’s trophies plastic surgery and shopping for stuff you don’t need

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  • What do you get for the £65k service charge????

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  • @ 4. mombers
    For £65k you get to RATE YOURSELF and STRUT AROUND and FEEL VERY PLEASED YOU ARE WASTING A LOT OF MONEY on things that the rest of us find risible. Such a fulfilling thing to do of course! I’m sure everyone wants to do it!
    Seriously, if I had enough money to buy a £140m apartment in something that looks like an empty office-block, I would probably buy something a tenth the price in a friendlier area and invest the rest in things like a charity trust or start a company in a part of the country that needs a built of help.
    Yep I know that makes me sound like a fruitcake, but that is the way I view the world…

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  • Taff
    He only said that in a relative way!

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  • @6 very good…perhaps einstein was just bitter he couldn’t get 10x his income to buy which
    Drove him to solve gravity and light speed travel theories

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  • Collecting brand-names and status-symbols is all about show and nothing to do with true class, yet they fail to see the distinction. They confuse conspicuous wealth with their own validity as people.

    Wow – for those folks, the thought of death must be truly terrifying….you can’t take it with you!

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