Saudi prince to sell Kensington mansion for £100m
House being sold by Saudi prince who demands all potential buyers sign confidentiality agreement before viewing property
A Saudi prince has put his house in Kensington up for sale for £100 million, with prospective buyers required to sign a confidentiality agreement before they are granted a viewing.
It is one of the 29 houses on Kensington Palace Gardens, dubbed “Billionaires’ Row” with a combined value of more than £3.5 billion.
Known as super-prime property in the £6,000 per square foot pricing band, the houses are so expensive because they very rarely get put up for sale, and are just yards away from the Duke and Duchess of Cambridge’s Kensington Palace home.
If Prince Abdul Aziz bin Fahd is able to find a buyer for the house, on Palace Green, it would be one of the most expensive houses ever sold in the UK, and the lucky new resident could claim Tamara Ecclestone, the Sultan of Brunei and the embassies of Israel, Norway and Romania as neighbours.
The listing is being handled by estate agents Knight Frank, who were reported by The Times to have already approached a number of potential buyers, getting them to sign confidentiality agreements regarding what they might see inside the property.
The prince is the son of the late King Fahd, who ruled Saudi Arabia for 23 years, and between them the Saudi royal family is believed to own a number of houses in the area.
Ed Mead, a director at Douglas & Gordon estate agent, said that there would be enormous interest in any sale as houses on the street changed hands so infrequently.
“I think that the overriding reason this street remains a world beater is because it is the only place you can buy proper old-fashioned trophy assets,” he said.
“People buy into the history of the street, and its location near Kensington Palace is a key attraction.”
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