India, July 22 -- One of the UK's richest men is putting his lavish London home on sale after declaring that the country has "gone to hell". John Fredriksen, the ninth richest billionaire in the UK, is selling his 300-year old Georgian manor after relocating to the United Arab Emirates.

According to a report in The Times, Fredriksen's mansion is one of Britain's most expensive houses at an estimated $337 million (£250 million). The private residence, named The Old Rectory, is located in Chelsea - an affluent area in West London and one of the city's most coveted neighbourhoods.

The property features 10 bedrooms spread across 30,000 sq ft, two acres of gardens, and a ballroom. Norway-born Fredriksen has been its owner since 2001.

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