Cambridge House, a grade I listed property in Piccadilly is awaiting clearance for ‘sensitive conversion’ which will see it becoming Britain’s most expensive residence. The luxury property had been totally neglected for the last 15 years and was in a state of disrepair. It can now look forward to regain its past glory as the billionaire Reuben brothers have acquired it along with the surrounding buildings for £150 million. After the approvals, restoration and renovation the building will go up in value to an estimated £200 million. The first images of the proposed interiors have become available and they are breathtaking to say the least. The entrance hall itself is bigger than an average London flat and the 85 feet long ball room is unmatched in size and grandeur even by the most luxurious hotels.
Duke of Cambridge Moved into the House in 1829
It was originally built by architect Matthew Brettingham in 1756-1761 in the Palladian style for Charles Wyndham, 2nd Earl of Egremont. Prince Adolphus, Duke of Cambridge moved into the house in 1829 and it became his London residence. That’s how it became popularly known as the Cambridge House. Lord Palmerston, who served twice as prime minister, bought the house in 1850 after the death of the Duke. He didn’t live long in the house and after his death it was bought by the Naval and Military Club. It came to be known as the ‘In and Out’ club because of the prominent signs on its entrance and exit gates. The lease of the club expired in 1996 and they moved out. Businessman Simon Halabi bought it for £50 million with grand plans of turning it into a members club and a hotel. But his companies went bankrupt in 2009.
The House Has a Total of 48 Rooms
Now the Reuben brothers have grand plans for the building. The main house at 94 Piccadilly has 53,426 sq ft of space with a total of 48 rooms. Eleven of these will be developed as bedrooms. The master bedroom suite will be spread over the entire first floor measuring 7,846 sq ft. The central stairhall leading up to the ballroom is 55ft high under its ornate cupola. The proposals include nine bathrooms, two guest powder rooms and eight cloakrooms along with a basement wine cellar big enough to hold 35,000 bottles. Two lifts will be installed and the courtyard will be excavated to form a 40ft underground pool with spa, gym and beauty salon. The cost of this premium real estate works out to about £3,750 per square foot which is a record for Mayfair.