WETHERELL MAYFAIR MARKET REPORT JULY 2012
MAYFAIR PLAYS HOST TO THE 3rd LONDON OLYMPICS
In 1908 the first London Olympics were held at a
time when Mayfair was the No.1 residential area of London and
the British were at their peak of financial fitness.
The 2nd time was the austere Olympics of 1948 when
the old Aristocrats of Mayfair mixed with the Plutocrats had seen
their wealth shot to pieces – firstly by WW1 and the
beginning of the commercialisation of Mayfair (the 1920s &
1930s saw the mass demolition of some of the redundant grand
mansions of the area) and secondly with the occupation of most of
the remaining vacant houses by commerce after WW2.
A very different Mayfair now plays host for the 3rd
London Olympics. Mayfair is holding its trophies on high as the
area with the finest retail and hotels, culture and hospitality. At
a time when more and more commercial buildings are reverting back
to residential use Wetherell predict that within the next decade
Mayfair will once again be London’s No.1 residential
district. With 205 countries participating with over 10,000
contestants, London will be showcased around the world and Mayfair
can only benefit from the reflected glory. The Sage of Omaha,
Warren Buffett is quoted as saying; “In the business world,
the rear-view mirror is always clearer than the windshield”.
Well looking back on Mayfair’s last century it is very clear
to me the way forward for Mayfair and whilst I cannot predict the
number of British Gold medals I can predict a winning future for
WETHERELL SUPPORT “SUMMER IN THE
Escape the crowds at a playful urban retreat
in the heart of Mayfair – Grosvenor Square.
To celebrate the Olympics, Grosvenor supported by Royal Parks,
Wetherell and Knight Frank will host a variety of super-sized board
games, refreshments and cultural and community events including
music, theatre and weekend activities for children.
click this link for the Timetable of Events from 26th July to
NEW MAYFAIR INSTRUCTIONS FOR SALE
Wetherell have recently taken instructions on over £70M new
property for sale.
Square - Short Lease – 2 bedrooms @ £1.2M
Street - Walk Up Duplex – 3 bedrooms @ £2.25M
Street – Modern Maisonette – 3 bedrooms @
Street - Penthouse with roof garden – 3 bedrooms @
Square - 1st time in 30 years – 3 bedrooms @ 6M
· Upper Brook Street -
Upon Instructions of Grosvenor – Unmodernised House @
Street - Wide fronted House with parking and terrace @
Square - Large Lateral with views @ £17M
Street - Corner Mansion – Unmodernised @
NEW MAYFAIR RENTAL INSTRUCTIONS
After a busy rental market in June the rush for Olympic
accommodation never really took off and has had the opposite effect
of tenants delaying until after the Games are over.
Street – Contemporary – 1 bedroom @ £575
House - Pied a Terre – 1 bedroom @ £780
Street - Opposite Mark’s Club – 2 bedrooms @ £800
Street - Penthouse with terrace – 2 bedrooms @
Street - Large Lateral– 5 bedrooms @ £4,700
Enjoy the Olympics.
0207 493 6935
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