Most expensive mansion in the UK cannot be sold
July 14, 2011 Leave a comment
The million Updown Court mansion has in spite of its huge 50,000 sq ft surface, been unable to sell after being six years on the property market. The property features make the house sound like a must buy, having 27 bathrooms, 58 acres of picturesque garden, bowling alley, indoor swimming pools, 250 tons of Italian marble and an underground state of the art squash court.
The UK £70 million priced mansion has nonetheless had its fair share of history with a variety of clientele. The Updown Court mansion was initially acquired by Prince Sami Gayed of Egypt in 1977 but was neglected and abandoned after a storm damaged part of the property in 1987. After being left empty for a couple of years, a billionaire engineer and property developer named Anthony Pearce bought the property and transformed it into an Arab themed mansion.
The Arab themed property seems to be the major factor for the properties inability to be sold. There have been few viewings in the past six years, but the expensive property has still caught no buyer’s attention. Recent developments have led to the property being on the verge of being taken over by Irish taxpayers.