The owners of 40 Dover Street – home of The Arts Club, one of the world’s most exclusive private members’ clubs – have placed the property on the market for sale.
Offers in excess of £90 million are being invited for the 30,774 sq ft freehold, which is located in the heart of London’s ‘luxury quarter’ in Mayfair.
The entire seven-storey Georgian building, one of London’s most prime real estate assets, is let to The Arts Club for 35 years. The property was recently fully refurbished and now boasts a 16-suite boutique hotel for the use of club members.
Property agent Colliers International has been engaged by the building’s owners, a consortium of private investors, to find a buyer.
Head of Central London Investment at Colliers International, John Olney, said: “We are expecting a great deal of interest from both the UK and overseas for this property. It’s a very rare opportunity to acquire a prime Mayfair freehold building let for a term of 35 years to an exceptional tenant.”
Alice Chadwyck-Healey, Executive Director of The Arts Club, said: “Although The Arts Club will have a new landlord, our daily operations will remain unaffected. We will continue to offer our existing members world-class hospitality and look forward to introducing new members to the club and its new suites.”
40 Dover Street has been home to The Arts Club since 1896. Former members include Charles Dickens and Winston Churchill.