In a €17.6 deal Beauchamp Estates has sold the duplex penthouse and a two-bedroom apartment at the Grade II listed Oceanic House on Cockspur Street, originally the London HQ of the famous White Star Line of Titanic fame, the pair purchased by a European financier who wanted to buy before the 2024 General Election to avoid a potential Stamp Duty rise.
Providing 510m2 of luxurious living space, the duplex penthouse is located across the fifth and sixth floors of Ocean House. The trophy residence has a grand galleried entrance hallway, beautifully illuminated by a skylight above. The penthouse features reception rooms, four spacious bedrooms, five bathrooms and two roof terraces.
Paul Finch, Head of New Homes Sales at Beauchamp Estates said: “Beauchamp Estates are proud to have been involved in every stage of this exceptional development by Misland Capital, from the early stages through to the successful selling of all the apartments. We sold a couple of the apartments early off plan, and then the majority of the remainder were sold in 2018 and 2019 when the redevelopment was completed. Just the penthouse and a two-bedroom remained for sale when we were approached recently by a European buyer who loved the building and its location, which provided easy access to Midtown and the City of London where he works and does business. We then fast-tracked the sale as the buyer wanted to purchase before the UK General Election on 4th July 2024 since the Labour Party has said they will raise Stamp Duty by 1% if they win the election.”
Yahya Swallem, Senior New Homes Consultant at Beauchamp Estates said: “The penthouse deal at Oceanic House provided the buyer with a unique opportunity to purchase a piece of iconic British history and acquire a luxurious home in the former headquarters of the famous White Star Line in the heart of London’s West End.”
Image provided by Beauchamp Estates.
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