Queen Anne House in the heart of the Crown Estate in Surrey. Photo: John D Wood & Co
Queen Anne House in the heart of the Crown Estate in Surrey. Photo: John D Wood & Co
Queen Anne House in the heart of the Crown Estate in Surrey. Photo: John D Wood & Co
Queen Anne House in the heart of the Crown Estate in Surrey. Photo: John D Wood & Co

Mega Mansions: UK's most expensive rental outside London now for sale for £16.5m


Gillian Duncan
  • English
  • Arabic

A seven-bedroom mansion set in ancient hunting land once owned by the Crown is on the market for £16.5 million ($20.6 million) – after being rented out for more than twice the UK’s average salary per month.

Queen Anne House on the Crown Estate in Surrey was until recently the most expensive rental outside central London, with an asking price of £90,000 a month, according to agent Gavin Fleming, associate director at CHK Mountford.

The property features 16,500 square feet of living space, with his-and-hers studies and bathrooms, two kitchens, a swimming pool, cinema and a formal dining hall, as well as a self-contained two-bedroom apartment for staff.

“The Crown Estate is probably one of the most exclusive locations in the whole of England, which is home to many A-listers and football players, like Jamie Redknapp," Mr Fleming told The National.

"A lot of the Chelsea football team also live on the Crown Estate. Andy Murray recently moved from there. Houses of this size rarely come up for sale."

The entrance hallway. Photo: John D Wood & Co
The entrance hallway. Photo: John D Wood & Co

The property was recently rented for £100,000 a month by a family from overseas who used it as a weekend retreat from their base in London.

Others have since expressed an interest in renting the sprawling property, including British expats in the UAE and even Hollywood actors filming at the nearby Pinewood Studios.

The main kitchen. Photo: John D Wood & Co
The main kitchen. Photo: John D Wood & Co

However, the owner would now prefer to sell the home, which was built in 2013 to his specifications.

"He had two younger children at the time, who are now at university. He built two suites for them on the top floor," said Mr Fleming.

"The principal bedroom was designed to be like an apartment within the house. So if the owner was at home on her own, she could reside in the principal bedroom area, which is like a huge big flat, and just shut the door and be away from the big overwhelming house, so she felt secure.

"It has a kitchenette, a reception area, his-and-hers bathrooms and a private terrace with a hot tub."

The swimming pool. Photo: John D Wood & Co
The swimming pool. Photo: John D Wood & Co

It sits in grounds of more than 0.6 hectares and has garage space for five cars.

The front door opens on to a formal dining hall with entertaining area and twin sweeping staircases leading to the seven bedroom suites on the first and second floors.

On the ground floor is a walnut wood-finished large kitchen and dining area, with state-of-the-art appliances and a view of the double-height swimming pool complex. Off to the side of the kitchen, there is a sitting room. A gym sits to the other side.

A bathroom in the Queen Anne House in Surrey. Photo: John D Wood & Co
A bathroom in the Queen Anne House in Surrey. Photo: John D Wood & Co

Upstairs, the principal bedroom suite extends to more than 1,500 square feet and has two separate bathrooms and two dressing rooms, as well as a sitting room and two large terraces, one of which has the hot tub and overlooks the grounds.

The top floor features the two suites designed for the owner’s children.

In addition, the house features an au pair suite with a kitchen, laundry area and a two-bedroom staff flat with a chef's kitchen, as well as a private cinema and spacious function room with a dance floor on the lower level.

One of the bedrooms at Queen Anne House in the heart of the Crown Estate. Photo: John D Wood & Co
One of the bedrooms at Queen Anne House in the heart of the Crown Estate. Photo: John D Wood & Co
The hot tub. Photo: John D Wood & Co
The hot tub. Photo: John D Wood & Co

The estate has its own private security.

"If your alarm goes off for any reason whatsoever, even if a spider went across the sensor at 3am, the local security company would attend your property within five minutes and insist they go around the house with their dogs to check everything is OK," said Mr Fleming.

The grounds were designed and landscaped by renowned OneAbode, a previous Hampton Court Flower Show gold medal winner, and features trees, shrubs and flowers imported from all over the world. A tennis court and chillout area are also included.

As well as the garage space, there is hard standing for more than 20 vehicles, all behind tall, secure gates.

The private cinema. Photo: John D Wood & Co
The private cinema. Photo: John D Wood & Co
The function room. Photo: John D Wood & Co
The function room. Photo: John D Wood & Co
The back garden. Photo: John D Wood & Co
The back garden. Photo: John D Wood & Co

The property is in Oxshott, a village with independent shops, pubs and restaurants and a station with frequent trains to London Waterloo taking only 38 minutes.

Blonde
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAndrew%20Dominik%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAna%20de%20Armas%2C%20Adrien%20Brody%2C%20Bobby%20Cannavale%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3Cbr%3E%3C%2Fp%3E%0A
World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

SPEC%20SHEET
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Updated: May 03, 2024, 11:09 AM