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Residential department completes on £13.5 million super-apartment next door to capital’s most famous residence

Our residential property department has completed on a £13.5 million super-apartment located next door to the capital’s most famous residence.

The apartment at No. 1 Palace Street, located directly opposite Buckingham Palace, was believed to be among the last of the units available, as 75 per cent are now confirmed sold.

The £13.5 million deal was completed in January. The apartment is expected to be ready for occupation by December 2019.

Residents will have access to more than 10,000 sq ft of leisure facilities, including a state-of-the-art gym, swimming pool and wellness centre.

The historic No. 1 Palace Street development was originally built as a lofty Victorian hotel, but has since been restored by prime London property developers Northacre.  Prices are reported to range from £2 million to £30 million.

Richard Spector, Managing Partner at ELS Legal and prime real estate expert, said: “No. 1 Palace Street is London’s most desirable post code. The development has a genuine air of extravagance and is perfectly positioned to enjoy one of the grandest sights in London, Buckingham Palace.

“We hope the new owner enjoys all the delights the location, building, and royal residency has to offer.”

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ELS Legal is an international law firm based in London with more than 50 partner offices across the world. As part of the Cathay Associates global legal network, we are the first choice law firm for a number of British businesses and overseas clients.

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