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139 Piccadilly undergoing transformation once again

139 Piccadilly undergoing transformation once again
23rd February 2015

139 Piccadilly undergoing transformation once again

Number 139 Piccadilly was the former home of Lord Byron – Teresa Beatty a surveyor at Morgan Pryce, an avid ready of Byron, states ‘it is a grand mansion in which the romantic poetry which is loved by many today, was written.’ Unfortunately growing debt, scandal and rumours meant Byron had to leave the Britain for good in April 1816.

The Grade 1 listed building was converted into offices comprising of 9,555 sqft; it’s on the North Side of Piccadilly opposite Green Park and achieved a rent on the 3rd floor in the summer 2014 of £25.50 psf. The Reuben Brothers who were born in Bombay are worth over £7 billion and in June 2011 purchased the 1.3 acre Mayfair estate previously owned by Simon Halabi for £130 million. They also own 5 office and residential properties at 90-93 and 96-100 Piccadilly; additionally they own the former ‘In and Out Club’ where there are plans to turn the old private members club for officers of the Armed Forces into a 48 room private house with an estimated value of £214 million!

Having decided to purchase 139 Piccadilly and turn it into a £45 million mansion they offered Westminster just £1.8 million towards affordable housing; despite being well versed with the ins and outs of the London property market. This offer was rejected and the final offer submitted in April 2013 of £5.5 million was accepted.

The mansion will contain 11 bedrooms, 9 bathrooms, an underground swimming pool and sauna, an 85 ft ballroom and a wine cellar which can hold 35,000 bottles! 

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.

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