The Mayfair property is based in the historic Three Kings Yard mews which was once the Italian Embassy Chancery . During the 1930s it was used by Italian ambassador and huge supporter of dictator Benito Mussolini , Dino Grandi . He used the mews to arrange parades of the Blackshirts to celebrate Mussolini 's birthday and Italian National Days . It has been owned since 2007 by a company called London Property Investment Trust Limited (LPIC) who have bought up properties across Europe including London, Paris, New York City and Hong Kong.
The Mayfair property is based in the historic Three Kings Yard mews which was once the Italian Embassy Chancery . During the 1930s it was used by Italian ambassador and huge supporter of dictator Benito Mussolini , Dino Grandi . He used the mews to arrange parades of the Blackshirts to celebrate Mussolini 's birthday and Italian National Days . The home , two doors down from where the Italian ambassador lived , is now one of most expensive two-beds in history after going on sale for £4.25m- 25 times its cost in 1985 .