For sale for £5 million, a flat above a fish and chip bar. Extraordinary and eye catching as this headline is, Mayfair estate agent Wetherell highlights that of course there is much much more to this unique and intriguing property offering than this initial tongue-in-cheek headline conveys.

Wetherell highlight that in reality, the “fish and chip” bar is actually Scott’s fish bar and restaurant on Mayfair. Scott’s is one of London (and the world’s) most famous, prestigious and sought after fine dining destinations. Established in 1851 and based on Mount Street since 1968 Scotts fans past and present include Ian Fleming, David Niven, Princess Margaret, the Duchess of Cornwall, Princess Michael of Kent, Tom Cruise, Keifer Sutherland, Johnny Depp, Kurt Russell, Kate Winslet and Simon Cowell.

Located above Scott’s, the £5 million “flat” is in reality a magnificent first floor 2,320 sqft (215.52 sqm) lateral three bedroom apartment. It benefits from spacious entertaining areas totaling some 50 feet with south facing deep bays and windows overlooking Mount Street in the heart of Mayfair, London’s most exclusive and sought after address.

Wetherell highlight that over the last five years Mount Street has been transformed into one of the world’s leading luxury brand destinations. In 2010 the street underwent an £80 million public realm improvement programme which helped attract over 20 new luxury retailers to the street including Moynat, Celine, Gina, Richard Mille and Christoper Kane.

Residential values on Mount Street have risen by 199% since 2005, outperforming average rises for Mayfair and Belgravia. The street has become arguably the most sought after address by purchasers and tenants in Mayfair. Tenants battle each other to live on Mount Street, offering landlords the entire tenancy fees upfront. Residential lettings values on Mount Street have risen by 24% over the last 12 months and weekly residential rents now average £1,410: some of the best in the capital.

The first floor three bedroom apartment exclusively for sale through Wetherell is one of the largest to be offer for sale on Mount Street in recent times.

It has an entrance hall with parquet flooring and feature architraves. There is a large south facing drawing room and dining room. Both entertaining rooms have elegant parquet flooring, deep bay windows, feature fireplace and ornate ceiling cornices. There is a fully fitted Wrighton kitchen with Zanussi appliances and a study/home office.

Entered through its own lobby with walk-in wardrobe, the spacious master bedroom suite has a sleeping area and day/living area and built in wardrobes. There are two further bedrooms, each with built in wardrobes, and a second bathroom.

The apartment is situated mid-terrace on the northern side of Mount Street above the ever famous Scott’s restaurant. Alongside Scott’s are some of the world’s most noted luxury brands including Double RL by Ralph Lauren, Christian Louboutin and Marc Jacobs. The apartment offers South facing views onto Mount Street and outlets including Stephen Webster, Linda Farrow and Richard Mille.

Peter Wetherell, Chief Executive of Wetherell said: “This superb lateral apartment is located on Mayfair’s most fashionable street whose popularity has generated good property and lettings values. The prime address and strength of the local property market makes this apartment both a good home and investment. Mount Street is now one of the world’s most prestigious and sought after luxury destinations, a complimentary address to nearby Bond Street. We anticipate strong interest in this apartment from potential purchasers from around the world.”

The apartment is for sale for £5,000,000 (leasehold).