BRITISH luxury property developer Harrison Varma has agreed to acquire a derelict mansion in north London for a sum just below £20 million.
Harrison Varma, run by husband and wife pair Anil and Marisa Varma, is set to purchase Kenmore House, 58 The Bishops Avenue, Evening Standard reported last week.
The couple, known for creating luxury homes on London’s ‘Billionaires’ Row’ now has a number of mansion development options, including restoration into one mansion, apartments, or other uses, according to property sources.
Harrison Varma was reluctant to reveal his plans for the 123-year-old building.
Mark Pollack, director at Aston Chase, an estate agent, brokered the deal on behalf of a private European seller.
Pollack was quoted by Evening Standard: “The site is on one of the most prestigious residential roads in the world. A number of sites have recently traded, which will inevitably result in significant investment in the street.”
Harrison Varma’s previous action plans on The Bishops Avenue consist of high-end flats. Some of these properties sold for over £7.5m each.