The cost for one of London's most pricey apartments will begin at £35million - with 600 megarich <br>
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customers already securing a spot on the waiting list.<br>
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Pricing details of billionaire John Caudwell's spectacular <br>
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1 Mayfair development have now been revealed and only those with the deepest pockets can hope to <br>
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afford one of the lavish pads.<br>
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The cheapest apartment on offer is expected to be an eye-watering 35million - <br>
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around 70 times the average cost of a house in the capital.<br>
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Due to complete in Spring 2026 the scheme will easily surpass London's previous record breaker, the £1.3billion One Hyde <br>
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Park development in Knightsbridge.<br>
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Caudwell told The Standard that there are already over 600 prospective <br>
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buyers on a waiting list of billionaires and <br>
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centi-millionaires who have expressed an interest in making a purchase at the scheme.<br>
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There will be just 24 'principal residences' in the property including lateral apartments, penthouses and townhouses with up to five <br>
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bedrooms, and five more smaller 'pieds-à-terre' apartments.<br>
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The size of the homes has not yet been disclosed but the developers say even the most modest property will start <br>
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with a guide price exceeded by only a handful of mansions in London's richest neighbourhoods. <br>
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The cost of London's most pricey apartments <br>
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will begin at £35million - with 600 megarich customers already securing <br>
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a spot on the waiting list. Pictured: A Computer generated image of the <br>
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Mayfair development<br>
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Details of pricing at John Caudwell's spectacular Mayfair development has <br>
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now been revealed and only those with the <br>
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deepest pockets can hope to afford one of the lavish pads.<br>
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Pictured: The building's topping out ceremony<br>
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Due to complete in Spring 2026 after a six years build the scheme will easily surpass London's previous record breaker, the £1.3billion One Hyde Park development <br>
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in Knightsbridge. Pictured: The ground floor at 1 Mayfair <br>
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Billionaire John Caudwell (pictured) is funding the scheme.<br>
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He founded the mobile phones retailers Phones 4u<br>
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<strong><u>The average price of all 29 units - which cover 300,000 sq ft - <br>
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will be close to £70 million.</u></strong><br>
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The entry level price of £35 million is 70 times the average London property value of around £500,000,<br>
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and 130 times the national average price of £268,000 revealed in today's Nationwide house price survey for November.<br>
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The development's basement is being dug down to 90ft below ground level <br>
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to make room for a health spa with a 20 metre swimming pool as well as <br>
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a car park.<br>
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The designs were led by New York based architect <br>
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Robert Stern and practice RAMSA, with contractors, Mace, the construction managers and PJ Carey responsible for the creation of the basement substructure <br>
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and superstructure.<br>
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The size of the homes has not yet been disclosed but the developers say even the most modest <br>
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property will start with a guide price exceeded by only a handful of <br>
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mansions in London's richest neighbourhoods.<br>
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Pictured: A glamourous hallway within Mayfair 1<br>
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Caudwell - who founded the mobile phones retailers Phones 4u - attended the <br>
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topping out of 1 Mayfair alongside senior members of the construction team.<br>
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The ceremony was marked by the final steel rafter, one of 79 at roof level, being put into place on the top of the nine-storey main apartment building.<br>
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No expense has been spared on the building's interior and it will feature a ceiling with hand-painted frescos based <br>
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on Michelangelo's Map of the Heavens in the Vatican, a reception room with <br>
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a double height ceiling and 18ft high French windows overlooking the garden.<br>
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There will also be a Palace of Versailles Hall of Mirrors-style crystal callery, created from over 1,264 hand-set pieces of cut glass, <br>
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a library and a garden gallery, with seating areas opening directly onto the central courtyard garden.<br>
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Hyde ParkLondon<br>
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The cost for one of London's