An abandoned embassy building not far from the Beckhams’ London home is for sale for around £ 25million.
The former Algerian embassy has been vacant for ten years, but is described as a promising business for a developer with deep pockets.
The 19th century Italian-style building is five storeys high and located in London’s exclusive Holland Park.
It is close to the homes of David and Victoria Beckham, fashion designer Stella McCartney and music mogul Simon Cowell.
Luxurious Holland Park building in London is on the market for around £ 25million
A large family living room with exposed wooden floors has the potential to be transformed into an ambient space
Another room in the property is in dire need of updating, with damaged carpet and tired curtains
With nearly 10,000 square feet of space, this is a tall order for anyone undertaking the remodeling project.
However, Agent Savills has listed a huge amount of potential benefits as it has a sunny south-facing garden, period features including fireplaces and cornices, and the ‘strong artistic heritage’ of the area. surrounding area.
Currently, the price on request, it is said to be offered for around £ 25million.
It was first put on the market in 2017 for £ 30million, but has yet to be sold – possibly due to the huge potential cost of its refurbishment.
However, it could be worth over £ 50million if made into a family home.
A large living room with wooden floors and round fireplace
The hallway features an elegant interior, in keeping with its history as a former embassy building
An agents blurb read: “Boasting a south-facing garden, which favorably delineates Holland Park Mews, the property has been an embassy for about 43 years, but has not been actively used for this purpose since 2011.
“The property now needs a complete renovation, but subject to the necessary permissions it could be converted and restored into an elegant single family home. “
He continued, “The area is famous for its large white stucco villas, tree-lined avenues, private communal gardens and the open public space of Holland Park.
Victoria Beckham lives not far from the property and regularly posts Instagram updates at her London home
The famous fashion designer posing in a stairwell that looks astonishingly like the embassy for sale
The house’s unique Italian style – made popular in the 19th century – can be fully appreciated in its exterior
“The park itself is located just minutes from the property and is home to Belvedere Restaurant, Kyoto’s famous Japanese Garden, and Walled Spring Tulip Garden.
“The wider areas of Holland Park and Notting Hill are well known for being culturally vibrant and have a strong artistic heritage, home to many trendy boutiques and a diverse offer of cafes and restaurants.
“The property is well served by public transport, within walking distance are Holland Park and Notting Hill Gate tube stations, offering Central, Circle and District Line services, approximately 350 meters and 850 meters from the property respectively. “
A stack of overgrown weeds dominates the rear of the property, with grilled windows
The intricate design of the fireplace in the living room, with leaves and olive branches, can be appreciated up close
The rear of the property is in dire need of repair but has huge potential as a renovation project
The Embassy’s superstar neighbors are the Beckhams, who bought an almost identical property for £ 31.5million in 2013.
However, the villa was in so much need of work that they didn’t move in for three years, while builders gutted it and interior designers got to work on an $ 8million upgrade. pound sterling.
The finished property has an expansive basement, spa, gym and top floor cave for former England football captain David, 46.
Meanwhile, Victoria’s walk-in closet would feature an electric clothes rack and a catwalk to test out outfits – and the house is largely featured on her Instagram account.
Stella McCartney lives a few blocks away while Simon Cowell divides his time between Holland Park and Los Angeles.