Super-rich Arab sheikh snaps up a lavish five-bedroom apartment within a stone's throw of Harrods for his family for £17million...
A super-rich Omani sheikh has snapped up not one but two luxury Knightsbridge flats within a stone's throw of Harrods - a £17million apartment for his family, and an £8million pad with Hyde Park views for their fleet of staff.
At a total £25million, the sale of the two apartments, which are within a 10 minute walk of one another, represents the highest value flat sale for period properties in the area in more than two years - and suggests the neighbourhood's popularity with the Middle East's super-rich has not abated, the Daily Mail reports.
The sheikh, whose name has not been disclosed, is understood to be one of Oman's wealthiest retail magnates, presiding over an empire that incorporates shopping malls and super-car dealerships.
While both the five-bedroom, £17million property on Cadogan Square, and the £8million, four bedroom flat at nearby Parkside are housed within grand period buildings, each has been refurbished and redecorated with contemporary flair.
Ultra-prime estate agent Rokstone said the combined sale - a total of £25million - represented the highest value period-property flat sale in the district for over two years.
The two properties are both refurbished and dressed lateral apartments located in grand period buildings.
The first is an interior designed and dressed 6,000 sq.ft five bedroom lateral apartment located on the corner of Cadogan Square priced at £17 million. The second is a dressed 2,400 sqft four bedroom flat on Parkside, overlooking Hyde Park priced at £8 million. Both properties are within 10 minutes walk of each other.
Blended, the deal achieved a value of over £3,200 per sq.ft, the highest price achieved for
second-hand flats in period buildings in the local area for over two years, according to Rokstone.
According to Rokstone, the buyer was in the market for a large family home, or two family flats within easy reach of one another, in order to provide them with a London base.
The sheikh insisted that the properties should be within a 10 minute walk of both Harrods and Hyde Park.