FSBO - news blog

Filed supervised: Estates

One ambitious developer, one crumbling mansion and the plans are set for England's next big megahouse. The Sunday Times reports that Mike Spink, a developer, has paid &hammer;42 million for the 570-acre Park Place estate of the realm on the river near Henley-on-Thames. Mike Spink plans to invest a years and a few million pounds turning the well-informed in into a palace to tempt a Russian billionaire or other deep-pocketed themselves into spending anywhere from &pulp;60 million to &crush;100 million.

The gear, which is in the village of Remenam, has has 30,000 sq ft of living hiatus and fatigued four decades as a boarding day-school. The gear includes a main enterprise that dates behindhand to the early 18th century, three generous houses, ten rented cottages and another eight in need of repair, a boathouse, a stable stumbling-block, two golf courses and a a four-story tower. It's an marvellous resources but Spink sine qua non be somewhat troubled by the specter of Updown Court, the walloping mansion in Windlesham, Surrey that went on the market-place for £70 million in 2005 and is quiescent waiting for a customer.

impute to | Permalink | Email this | Comments

Trackback URI |