{"id":5683,"date":"2021-04-13T09:59:08","date_gmt":"2021-04-13T09:59:08","guid":{"rendered":"https:\/\/www.citylets.co.uk\/blog\/?p=5683"},"modified":"2021-04-13T09:59:08","modified_gmt":"2021-04-13T09:59:08","slug":"tenancy-worth-1-55m-a-year","status":"publish","type":"post","link":"https:\/\/www.citylets.co.uk\/blog\/tenancy-worth-1-55m-a-year\/","title":{"rendered":"Tenancy Worth \u00a31.55m a Year"},"content":{"rendered":"

No, this is not a typo! A London property lets for \u00a31.55m a year in what is believed to be a record rental deal.<\/p>\n

This new build townhouse mansion in Mayfair, called Culross House, has been rented by a 24 year old who paid \u00a33.1m upfront to secure the tenancy.<\/p>\n

The tenant is said to be a Chinese heiress from a billionaire family who derives their wealth from property, fashion and IT.<\/p>\n

\"\"<\/a>

Photo Credit: Grant Frazer\/K10 Group<\/p><\/div>\n

The 8,051 square feet house consists of five bedroom suites, a private gym, swimming pool and a rear garden. It also features a spa complex and home cinema room.<\/p>\n

Culross House is designed to be a celebration of the \u201cBest of British\u201d classic design, with key rooms inspired by famous five-star hotels and VIP venues from around the world. It is valued at an astonishing \u00a332m.<\/p>\n

\"\"<\/a>

Photo Credit: Grant Frazer\/K10 Group<\/p><\/div>\n

Eye-watering \u00a34,246 per night<\/strong><\/h4>\n

The rental amount for this luxury home works out at \u00a34,246 per night or \u00a3130,000 per month.<\/p>\n

The property<\/a> will be used by the heiress as a London pieds-\u00e0-terre for her visits to the city with her boyfriend, housekeeper\/cook and personal security team.<\/p>\n

\"\"<\/a>

Photo Credit: Grant Frazer\/K10 Group<\/p><\/div>\n

Kam Babaee, Founder of K10 Group<\/a> who constructed the property, said: \u201cThis rental deal is the largest ever paid to rent a new home in Mayfair and is also the largest upfront payment ever made to let a London home.<\/p>\n

“When compared to the daily cost of renting a five star hotel suite in Knightsbridge or Mayfair, Culross House provides outstanding value-for-money and far more space and private facilities.\u201d<\/p>\n

She added: “The deal underlines the buoyancy of the super-prime lettings market in London at present.\u201d<\/p>\n

\"latest-apps\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

No, this is not a typo! A London property lets for \u00a31.55m a year in what is believed to be a record rental deal. This new build townhouse mansion in Mayfair, called Culross House, has been rented by a 24 year old who paid \u00a33.1m upfront to secure the tenancy. The tenant is said to …<\/p>\n","protected":false},"author":1,"featured_media":5688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[687,689,686],"class_list":["post-5683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-k10-group","tag-mayfair","tag-property-for-rent","property"],"yoast_head":"\r\nTenancy Worth \u00a31.55m a Year - Citylets blog<\/title>\r\n<meta name=\"description\" content=\"A five bedroom suite property in Mayfair, called Culross House, rents for \u00a31.55m a year in what is believed to be a record rental deal.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.citylets.co.uk\/blog\/tenancy-worth-1-55m-a-year\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Tenancy Worth \u00a31.55m a Year - 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