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Thread: Tate & Lyle Mansion goes on sale for a staggering £100m

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    Default Tate & Lyle Mansion goes on sale for a staggering £100m

    ife is sweet! Super-mansion built for Tate & Lyle sugar magnate goes on sale for a staggering £100m (and even the brochure will cost you £2,000)


    • Heath Hall in The Bishops Avenue, Hampstead, London, becomes the most expensive UK home on open market
    • Built for William Park Lyle in 1910, but fell into disrepair in the 1950s under the ownership of the Bank of China
    • Was bought in 2006 by a property tycoon who has spent £40m transforming it into one of country's finest homes
    • Comes with 14 bedrooms, six reception rooms, home cinema, sauna, wine cellar, snooker room and panic room
    • Twelve types of Italian marble and seven types of wood used for the bathrooms while other rooms are clad in oak
    • All of the carpentry and hand-carved marble basins were prepared in Italy before being transported to London
    • Stamp duty alone will cost the buyer £7 million... enough to buy you a magnificent country home in the Cotswolds

    By Daily Mail Reporter
    PUBLISHED: 18:36, 24 August 2012 | UPDATED: 00:49, 25 August 2012


    A breathtaking mansion built for a sugar magnate has become the most expensive house for sale in Britain at £100million - and even the estate agents’ brochure will set you back £2,000.
    Heath Hall was constructed on London’s most exclusive street - The Bishops Avenue in Hampstead - in 1910 for William Park Lyle of the Tate & Lyle family.
    It fell into disrepair until property magnate Andreas Panayiotou bought it in 2006 and transformed it into one of the capital’s finest properties.

    How much? This stunning mansion on a Hampstead street known as billionaires' row has gone on sale for £100million, making it the most expensive home on the market



    Palatial: The property was built for sugar magnate William Park Lyle in 1910, but fell into disrepair in the 1950s while under the ownership of the Bank of China

    He spent £40million renovating the mansion and it is now the most expensive house on the open market in the UK.
    The stamp duty alone will cost the buyer £7million - enough to buy a magnificent country home in the Cotswolds.


    It is so exclusive that potential buyers will have to undergo a vetting process by agents Glentree Estates before paying £2,000 for the glossy brochure.
    Eat your heart out: The magnificent three-story house was brought back to its glorious best thanks to a £40million renovation by property tycoon Andreas Panayiotou



    Music to the owner's ears: Mr Panayiotou employed a team of 120 tradesmen for the renovation, adding a further 8,000sq/ft to the already substantial 19,000sq/ft



    High-class finish: Twelve types of Italian marble and seven types of wood, all prepared in Italy, were used for the bathrooms, according to the estate agents


    Fantastic features: The mansion now boasts 14 bedroom suites, six reception rooms, a drawing room, dining room, family room, sun room and snooker room
    The property fell into disrepair after the Bank of China took over the three-storey mansion in the 1950s.
    Bishops Avenue is now known as Billionaires’ Row because of the incredible wealth of the residents which include the Saudi Royal Family.
    And the person who buys Heath Hall will get bragging rights as one of only a few people in London with a nine-figure valued home.
    Mr Panayiotou employed a team of 120 tradesmen for the renovation, adding a further 8,000sq/ft to the already substantial 19,000sq/ft.



    Entertainment hub: There is also a library, home cinema, steam room with sauna, fully fitted home gym and wine cellar with climate-controlled temperature


    Host with the most: The person who buys Heath Hall will get bragging rights as one of only a few people in London with a nine-figure valued home



    Tranquil: The home, set in 2.5 acres of manicured gardens, is one of the largest private properties in the capital, but comes with a stamp duty fee of £7million
    He was ranked 200th in last year's UK Rich List after building up a £400million property empire, a remarkable achievement given that he suffers from dyslexia.
    He learned to memorise words, but never did learn to read in the conventional sense, leaving school at 14 without a single O-level.
    But despite his lack of qualifications, he went on to achieve stunning business success.

    The son of Greek-Cypriot immigrants, Mr Panayiotou was raised in London's East End.


    Prime real estate: An aerial view of Heath Hall (centre of picture), which is located on The Bishops Avenue, Hampstead, the home to many wealthy residents including the Saudi Royal Family


    Labour of love... and money: Heath Hall was bought by property tycoon Andreas Panayiotou (pictured) in 2006 after falling into disrepair and he has spent £40million bringing it back to its glorious best

    As a young man working for his father, he bought a small property in Islington, converted it into flats, and started what would become one of the biggest buy-to-let empires in Britain.
    In 2007 he sold thousands of flats, focusing instead on building a portfolio of hotels.
    Mr Panayiotou lives on a 20-acre estate in Epping Forest and owns £40million Gulfstream G450 jet, a £12million Mangusta 130 yacht, and two Cessna Citation jets.
    The home, set in 2.5-acres of manicured gardens, now boasts 14 bedroom suites, six reception rooms, a drawing room, dining room, family room, sun room and snooker room.
    There is also a library, home cinema, steam room with sauna, fully fitted home gym and wine cellar with climate controlled temperature.
    Twelve types of Italian marble and seven types of wood were used for the bathrooms while the snooker room, office, bar, library and grand staircase are all clad in Oak.
    All of the carpentry and hand-carved marble basins were prepared in Italy before being transported to the property.
    And for the security-conscious billionaire likely to buy the property, Heath Hall has been fitted with a panic room.
    This vault-like room has its own toilet, basin, control panel and separate telephone wires, which cannot be cut.
    The job of selling the mansion belongs to Glentree Estates and its managing director, Trevor Abrahmsohn.
    Mr Abrahmsohn has sold 95 per cent of the homes on Bishops Avenue over the past 35-years and regards Heath Hall as one of the road’s finest properties.
    He said: 'Heath Hall is one of the largest private homes in the whole of London. It is like a country home in the city, there are private golf courses nearby and the West End it just 15-minutes away.
    'It was the super-mansion of its day and the restoration has been carried out lovingly.
    'Bishops Avenue is like Beverly Hills, it is one of the world’s best addresses. And Heath Hall is one of the finest houses on the road.
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    Doubtful I could be cleared to even see the brochure!
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    The ghost of Liberace would love it!

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    I love the outside. I would take this if I could burn every stick of furniture in the place. And the neon could go. And the carpets. Basically, if we could restore it to something along the lines of the 1910 version of the house, I would be happy.
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    Quote Originally Posted by Waterslide View Post
    I love the outside. I would take this if I could burn every stick of furniture in the place. And the neon could go. And the carpets. Basically, if we could restore it to something along the lines of the 1910 version of the house, I would be happy.
    I really dislike the custom carpets/rugs, way to "hotel" for me, but the house itself is lovely, the curve of the window-lintels, the plaster-work on the ceiling.
    I don't think that this place was ever Arts & Crafts, more Art Deco (not Neoveaux given the ceilings, IMO). I love the bathrooms though.


    The owner is quite interesting too
    Secret of the £400 million tycoon who does not know how to read
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    03 June 2011

    I am sitting in the sumptuous West End office of businessman Andreas Panayiotou as he scans the front page of the Evening Standard and attempts to read it out loud. He begins normally, but by the second sentence he has become hesitant, using his forefinger to guide him. He delivers each word slowly and deliberately. In the third paragraph, he comes to a halt.
    "What's that word?" he asks, pointing to "receipts". In the next sentence he is stymied again, this time by "exposé". Mr Panayiotou is a 45-year-old in his prime with every reason to be super-confident, but now his hands start writhing and he begins to sweat in his £3,000 Tom Ford suit.

    The self-made British mogul, conservatively said to be worth £400million and ranked 200th on the Rich List, is about to describe his "secret shame" for the first time - he has never learned to read. He is prepared to talk about his "darkest secret" to help expose the scandal of illiteracy in London. "I am doing it because the Evening Standard's exposé has moved and shocked me. I am amazed to see the problem in our schools is still so bad. I'd hate any kid to go through what I have," he said.

    "When I was at school, if you couldn't read, they called you thick. I hated reading as a kid and as an adult I've organised my life to avoid it as much as possible. My PA reads my emails to me over the phone while I drive into work and I dictate replies. My lawyers handle legal documents, and my accountants deal with the financial stuff."

    The mere act of trying to read transports him back to the shame he felt as a child. "You know what?" he said, taking hold of the newspaper again. "I might be sitting here in this office, but right now, in my mind, I am back there, seven years old, in my old class at Wellington Way primary school in Bow.

    "I can remember it with absolute clarity. The teacher is going round the room asking different kids to read. I am praying he won't call me. He calls one kid. Then another. I am getting hot and anxious. Sod's law, third kid, he turns to me. 'I don't wanna!' I say. 'Why?' he asks. I don't want to say in front of everyone that I can't read. The teacher starts shouting. He thinks I'm being cheeky. He throws me out.

    "That was the last time I was ever asked to read. After that the teacher would skip me to avoid a confrontation. I learned to memorise whole words, what they look like, but I never did learn to read in the conventional sense and I left school at 14 without a single GCSE. That moment has stayed with me because it was the day I realised I had a problem. Everything - my massive drive to prove myself as a 'somebody', my rigid discipline, my pride in what I've achieved - stems from the feelings of shame and inadequacy I experienced of being 'perpetually behind' all the other kids and unable to read."

    The Standard has published shocking new figures exposing illiteracy in London. One in three children has no books of their own at home; one in three 11-year-olds in parts of the capital still has a reading age of as low as seven. Poet Benjamin Zephaniah has talked of how dyslexic people tend to go "one of two ways", conquering their fears and flourishing, or ending up in jail. Mr Panayiotou, one of the million adult Londoners who the National Literacy Trust say are functionally illiterate, exemplifies the former.

    The London-born son of Greek Cypriots, his achievements are extraordinary. He owns a £40million Gulfstream G450 jet, a £12million Mangusta 130 yacht, and two Cessna Citation jets. He lives on a 20-acre plot in Epping Forest with second wife Susan and their three daughters aged seven, 12 and 14 (he also has two older sons from his first marriage). He has stables, a helipad, gym, tennis court and five lakes.

    This morning he came to work in his Range Rover, but could equally have driven his Ferrari Enzo, Lamborghini LP700, Rolls-Royce Phantom convertible, or £1.2million Bugatti Veyron. His Italian marble-floored office is the size of a tennis court. Pictures and models of his planes and yacht decorate his office. "As a child, I tried my best to read, but the words would get scrambled up in my brain and jump around," said Mr Panayiotou. "You sort of get used to that feeling of trying hard but being unable to do it. You feel stupid, even though you think that you are smart but just cannot prove it.

    "I can read better now because I've memorised a lot of words, but when I get to surnames and words I've never seen, it's nigh on impossible. When I drive on the motorway, I have to concentrate to read the road signs. It still induces feelings of anxiety. Filling out forms for stuff like passport control is also a no-go area."

    How has he managed to overcome this handicap and become so successful? "The flip side of dyslexia is that you develop other gifts. I've trained my mind to have a photographic memory. I have a phenomenal memory. It also makes you more creative in solving problems because your mind is always in a fight to comprehend the world around you. It's always fighting, fighting, fighting. That makes you stronger because you learn to handle problems as part of life.

    "It also makes you super-focused. I can tell you where every suit in my wardrobe is, every car in my garage, I can remember the profit figure on a hotel I was told about three months ago. You learn to simplify things, to get to the bottom line which is good for business and decision-making.

    "With me, my desk, my wardrobe, my day - it's all regimented. I'm up at 7am, I walk the Dobermann, I'm out of the house by 8.30am, at work an hour later, then at 5pm I go to the gym. Every day it's the same."

    He added: "I don't want to give the impression that being dyslexic is a ticket to success, because it isn't, but with the right attitude, it can be overcome. In my case, it gave me a burning desire to prove myself.

    "It's no coincidence that I took up boxing at seven, the same age my teacher shamed me. I became known as the hardest kid in the school. I was kicked out of high school for laying out the PE teacher with a punch when I was 14. I never went back. If you can't read or write, there's no point being there."

    The following year, Mr Panayiotou became the Essex under-16 amateur middleweight boxing champion, and went to work for his father. The first book he ever read was at 17: "I was passionate about getting my pilot's licence and I memorised the entire manual."

    A few years later he bought a small property in Islington, converted it into flats, and started what would become one of the biggest buy-to-let empires in Britain. In 2007 he sold thousands of flats, focusing instead on building a portfolio of hotels.

    His firm, The Ability Group, now has seven. His latest development, the £70million Waldorf-Astoria, has just opened at Syon Park. He is about to put "Britain's most expensive house" on the market - a redeveloped property in The Bishop's Avenue in Hampstead, which he hopes to sell for £100million.

    Mr Panayiotou comes from poor parents who couldn't speak or read English, but he thinks immigrant children with their drive to succeed can overcome these obstacles. His older brother George came from the same background as him, he points out, yet did well at school and completed a business degree.

    "I think I would have benefited from an early diagnosis of my problem by my teachers," he said. "Our daughter Sofia is 12 and has dyslexia. My wife got her a diagnosis and brilliant specialised tutor from age six. She would draw a cat and write "cat" under it and Sofia would memorise it. Her problem was named and she was given the skills to master it.

    "My wife also spends a lot of time reading with her. Sofia has been trained from an early age to memorise whole words, and now she reads fine and is doing fantastically at school."

    Mr Panayiotou says that being unable to read today is far more devastating than in the Seventies. "Although I have been successful beyond my dreams, jobs are a lot more sophisticated than they were 30 years ago, and technology. I would hate for any child to have to go through what I did.

    "Your illiteracy campaign can make a difference to kids like me. Being able to read is as fundamental as eating. You can't get by without knowing how to read."
    Last edited by Novice; August 25th, 2012 at 07:57 PM.
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    A*O
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    You gotta love Greek "taste". Sorry but it's true. I'd have to spend another 40 million ripping it all out again. The dining room looks like a wedding venue. WAY too much white everywhere and the marble will induce seizures. Hotel carpets, drug dealer furniture.
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