Take A Look At The Most Expensive Home In London

Talk about an apartment with history.

Admiralty Arch - the London landmark known as the gatehouse to Buckingham Palace - is making room for one hell of a luxury apartment, The Daily Mail reports.

Built as a memorial to Queen Victoria and completed in 1912, Admiralty Arch is one of the most iconic buildings in London. According to The Daily Mail, the Royal Family has passed under the arch during ceremonial processions, including Queen Elizabeth's coronation in June 1953. Sir Winston Churchill once called the flat inside home, and the Evening Standard reports Ian Fleming worked there while writing the "James Bond" books. During the London Olympics in 2012, marathoners passed through the arch, too.

Spanish developer Rafael Serrano recently announced he will give the space a much-needed update - and, in turn, transform most of the building into a 100-room luxury hotel. But what's most notable, is Serrano's plan to construct one jaw-dropping 15,000-square-foot apartment in the Admiralty Arch, complete with 12 bedrooms and 12 bathrooms.

The residence will come with some pretty sweet perks, including 20-foot high ceilings, crests, and original fireplaces, as well as a 24-hour concierge service and a lifetime membership to a private members' club, according to The Telegraph.

An initial design for the residence, proposed by interior designer Hugh Henry of MHZ.

That being said, shacking up in one of London's most coveted addresses doesn't come cheap. The Telegraph reports the flat is estimated at £150 million - rendering it the most expensive apartment ever listed in London.

According to the The Daily Mail, once purchased, the buyer may be given the option to convert the space into four flats, which is, well, one way to make the price tag more palatable.

For those of us working with more modest budgets, we hear the Goring Hotel in London - the hotel where Kate Middleton stayed the night before the Royal Wedding - is also a close second to staying at Buckingham Palace.

h/t: The Daily Mail