Initial price	£9,250,000
14/08/24	£8,750,000
Price Change	-5.41%

A rare development opportunity presents itself on the prestigious Bishops Avenue, also known as "Billionaire's Row", in London. The existing residence, owned since 1971, has been granted planning permission to be replaced with a grand mansion of approximately 15,000 square feet, offering immense potential for a significant investment. The property sits on a 1/3 acre plot, allowing for a spacious and luxurious design, complete with 8 bedrooms, 7 bathrooms, 5 receptions, an indoor swimming pool, gym, cinema, sauna, staff accommodation, and underground parking. With no deadline to commence construction, the buyer has the flexibility to plan and execute their vision. The estimated construction cost is £300 per square foot, and once completed, the mansion could be valued at a minimum of £1300 per square foot, making this a unique and lucrative opportunity to own a piece of one of London's most sought-after addresses.