Britain's most expensive apartment block has seen it's first repossession order with an 'entry level' flat back on the market for £5.25million.
The 998 square foot, one bedroom property on the fourth floor of One Hyde Park, the Candy Brothers' prestigious Knightsbridge development, is being offered for sale by receivers Strutt & Parker.
Flats at One Hyde Park have fetched between £5,000 and £7,500 per sq ft, more than double the value of other properties in the area.
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For Sale: An 'entry level' £5.25 million, one bedroom flat is back on the market at Knightsbridge's One Hyde Park after the block suffered its first repossession
Flats at One Hyde Park have fetched between £5,000 and £7,500 per sq ft, more than double the value of other properties in the area
The property has a service charge of almost £14,000 per annum and a ground rent of £2,000 a year.
Strutt & Parker informed London estate agents: 'We are now appointed by receivers to find a buyer quickly for the property and hope that one of your buyers may benefit from being able to move quickly?'
The block has a 21-metre swimming pool which is said to be nearly always empty, a cinema, saunas, gym, golf simulator, wine cellar, valet service and room service – via a tunnel from the five-star Mandarin Oriental hotel next door.
Although most of the residents use offshore companies to hide their identity, an investigation earlier this year by Vanity Fair revealed they include oil baronesses, Kazakh singers and Arab sheikhs.
Property tycoons: The block was developed by Nick Candy, pictured with wife Holly Valance, left, and his brother Christian Candy, pictured with his wife Emily, right
The exclusive residential glass tower in Knightsbridge developed by property tycoons Christian and Nick Candy is believed to be the most expensive apartment block in the world.
Christian Candy owns separate flats worth £31million and £26.2million on the tenth floor.
His brother Nick, who recently married Holly Valance, also owns a penthouse in the block.
Among their neighbours is Project Grande partner and prime minister of Qatar Sheikh Hamad bin Jassim bin Jaber Al Thani.
He owns an apartment spread over the eleventh, twelfth and thirteenth floors worth £12million.
The list reveals a diverse selection of the world's richest people including billionaires, the investigation by Vanity Fair has shown.
Wealthy: Shakhtar Donetsk's owner Rinat Akhmetov, left, who is worth an estimated £10billion, is believed to own an apartment as does Vladimir Kim, right, who chairs Kazakh copper giant Kazakhmys
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