Nigella Lawson sells luxury London home for millions

  • 12 years ago
  • Uncategorized


TV star Nigella Lawson and
husband Charles Saatchi have finally sold their Belgravia apartment after the
property sat on the market for a year and a half.  The couple have agreed a deal of £25 million for the luxury
property
– an astonishing £11 million under the original asking price.

The property has been bought by
wealthy property developer Christian Candy who, with his brother, has a £9
billion global property portfolio. 
Keep reading for more details of Nigella’s stunning apartment and the
eyewatering profit the couple have made on the property.

Couple make astonishing £21 million profit on home

The Belgravia house was bought by
Charles Saatchi in 2001 for just £3.8 million, two years before the couple were
married.  The sale to Mr Candy
therefore represents a profit of £21 million to the couple who are worth an
estimated £128 million.

The 52 year old star has sold
over three million books including her 2000 bestseller How To Be A Domestic Goddess. 
Mr Saatchi made his fortune alongside his brother when they founded
their advertising agency in 1976.

Nigella and her husband lived in
the apartment for nine years but moved out in 2010 after problems with their
neighbours.  The problems began
when Mr Saatchi instructed workmen to remove scaffolding erected outside the
building by a fellow resident, allegedly causing £50,000 of damage to some
Italian marble tiles.

The Daily Mail reports that ‘the couple then reportedly spent £100,000
moving their priceless art collection less than a mile to their new home, a
£12million, 18th-century former factory in Chelsea.’

Well-known property tycoon buys Belgravia apartment

It is believed that property
developer Christian Candy has bought the apartment as an investment through his
Guernsey based company CPC Group. 
Alongside brother Nick, Mr Candy has become one of the UK’s most
well-known property developers.

The brothers own the firm Candy
& Candy and run the luxury development One Hyde Park in Knightsbridge.  The apartment building boasts Britain’s
most expensive flat with the penthouse being worth £136 million.

It is understood that Ms Lawson
and Mr Saatchi have now exchanged contracts on the sale of the property.

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