A sprawling London property believed to have inspired the fictional home of James Bond villain Sir Hugo Drax is on the market for £21.5 million.
The six-bedroom home is in Belgravia’s Lygon Place, round the corner from where Ian Fleming lived on Ebury Street.
Fleming is said to have drawn inspiration for the Moonraker character from a school friend, Sir Reginald Drax, who rented a home on Lygon Place in the 1920s and 1930s.
Built in 1900-1901 in the Arts and Crafts style, the 7,948-square foot property, in a row of townhouse-mansions, has a red-brick facade.
In 1923 – the last time it was for sale on the open market – the townhouse-mansion was acquired by the Italian government to serve as the country's embassy, where ambassador Count Dino Grandi later entertained guests including Wallis Simpson, the American socialite and wife of Edward VIII.
Ambassador Grandi was eventually recalled to Italy by Prime Minister Mussolini in 1939 to halt his efforts at seeking peace with Britain.
In 1945 the Grade II-listed building became the Embassy Office of the Italian Defence Attaché, providing accommodation for the attaché, his deputy and staff representing the land, air and naval branches of the Italian armed forces.
It remained an Italian defence outpost until 2005, when the office moved to a different address in Belgravia. Permission was sought the following year to convert the building into a home.
Work was carried out from 2009 to 2011 to transform it into a luxury residence.
It now has a spacious entrance hall, three reception rooms, a family kitchen and breakfast room, cinema room, fitness studio, six en suite bedrooms, and an underground car park with access at the back of the house, offering the resident both privacy and security.
“It’s one of the few gated terraces in London. I think the only one in Belgravia,” Charles Lloyd, head of Beauchamp Estates for Mayfair and Belgravia, told The National.
“Architecturally it’s a very pretty house. And the space planning within the house is very good. The light is very good. It ticks a lot of boxes,” Mr Lloyd said.
“You have 24-hour security, so if you’re security-conscious it’s gated, it has underground parking, it has a garden and it has a lift. So it has those four really strong tick boxes in terms of buyer requirements.”
The sprawling property also has staff quarters/studio and a 24-hour porter.
On the ground floor, the entrance hall has chequered marble flooring, and there is a guest cloakroom, the grand central staircase and a reception room.
The designer kitchen has high-gloss white and timber cabinets, a comprehensive range of integrated appliances, marble worktops and stone flooring. An adjoining breakfast area is bordered by a large bay window overlooking the rear terraced garden.
On the first floor, there is a drawing room and dining room with parquet flooring, wall panelling and elegant Regency-style marble fireplaces and ceiling coving.
The luxurious principal bedroom suite occupies the second level of the mansion, featuring a large bedroom, two walk-in dressing rooms and a main bathroom with twin marble basins, marble bath and separate walk-in shower.
There are five more en suite bedrooms on the upper floors.
“It has very good light. It’s a very bright house. It has a lift which is pretty crucial on a house like this these days,” said Mr Lloyd.
“Everything is very generously proportioned. Nothing feels pinched or compromised.”
The lower-ground floor features a cinema room, fitness studio and staff quarters comprising a bedroom with shower room and kitchenette. It also has facilities including a utility room, two vaults and storage cupboards.
“The townhouse-mansion in Lygon Place is one of the finest residences in Belgravia and this is the first time it has been on the open market for sale in over 100 years,” said Gary Hersham, founder of Beauchamp Estates.
Moonraker
Fleming’s third novel about Bond is the only one set entirely in the UK, in London and on the Kentish coast.
It differs from the film of the same name, which takes Bond to far-flung locations including Venice, Rio de Janeiro and even outer space.
In both stories, Bond investigates the hijacking of an American space shuttle called Moonraker, manufactured by a company owned by Drax, the chief antagonist.
Fleming drew on his personal experience extensively in writing the book, using his own haunts as a basis for Bond’s.
In addition to his neighbour and friend Mr Drax, Fleming’s friend Duff Sutherland was one of the bridge players at a private card club he visited.
It even includes a car chase – considered by some to be arguably the best in the Bond series – that begins on Ebury Street,
It sees 007 pursue Drax, who is driving a 300S Mercedes, in his Bentley, all the way to Dover, where the famous spy loses his beloved car.
If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
NINE WINLESS GAMES
Arsenal 2-2 Crystal Palace (Oct 27, PL)
Liverpool 5-5 Arsenal (Oct 30, EFL)
Arsenal 1-1 Wolves (Nov 02, PL)
Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
Arsenal 2-2 Southampton (Nov 23, PL)
Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)
Norwich 2-2 Arsenal (Dec 01, PL)
Arsenal 1-2 Brighton (Dec 05, PL)
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UAE currency: the story behind the money in your pockets
The five pillars of Islam
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Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
The%20Genius%20of%20Their%20Age
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MATCH INFO
Newcastle United 1 (Carroll 82')
Leicester City 2 (Maddison 55', Tielemans 72')
Man of the match James Maddison (Leicester)
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
UAE currency: the story behind the money in your pockets
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
More coverage from the Future Forum
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Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
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Palestine and Israel - live updates
Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”