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The Lady magazine's Covent Garden office for sale. The epic falling out — mother and son have not spoken for three years — dates back to Mr Budworth’s appointment of writer Rachel Johnson as editor in 2009 in a bid to modernise the title and boost circulation. The sale has attracted interest from buyers in the Middle East and the US. register with your social accountor click here to log in. We would like to show you a description here but the site won’t allow us. At the same time Maxine Frith was appointed as the twelfth editor of the magazine… Mr Budworth did not respond to requests for comment. Follow us on Twitter @HomesProperty, Facebook and Instagram, First look at new £3bn east London riverside neighbourhood, Fears of steeper decline in London house prices in Brexit 'horror show, The 8 London areas home buyers should have on their radar right now. The Lady editor quits as magazine leaves historic London home By Freddy Mayhew Twitter The editor of The Lady has quit over the magazine’s move from its … However, Mr Budworth’s mother and family matriarch Julia, 86, who was born in the building next door, said she was “horrified” to learn of the sale, adding: “This is news to me, but what can I do? The Covent Garden building which has been home to The Lady magazine since 1891 is coming up for auction. The Victorian building is coming up for auction with a guide price of £13 million. Mrs Budworth said she had “very happy memories” of the offices dating back to her childhood when she would sit with her father “in a lovely room where he used to give me tea and buttered toast”. The handsome corner property on Bedford Street in Covent Garden has been put up for auction next month by publisher Ben Budworth, great-grandson of founder Thomas Bowles. The Lady moved to Borehamwood in Hertfordshire and Bylaugh Hall in Norfolk on 1 October 2019. The lot details reveal that the property generates rent of £170,000 a year: £120,000 from The Lady’s lease, which expires in September, and £50,000 a year from the apartment. Now the Standard can reveal that the family furore over the future of The Lady, one of Britain’s oldest women’s weeklies, is set to be reignited by the sale of the Victorian building where it has been published since 1891. Mr Budworth bought the building from his uncle for £6.2 million in September 2017. Mr Budworth has owned The Lady outright since he bought out his mother and three brothers last year for a reported £6,000. However, Mr Budworth’s mother and family matriarch Julia, 86, who was born in the building next door, said she was "horrified” to learn of the sale. Mr Budworth, pictured with former editor Rachel Johnson, has owned The Lady outright since he bought out his mother and three brothers last year for a reported £6,000. As well as the magazine offices, renowned for their “Dickensian” warren of wood-panelled rooms, the building also has an apartment on the upper floors occupied by Mr Budworth’s elderly uncle Tom. The landmark is listed with auctioneer Allsop with a guide price of £12.5 million to £13 million. It is the genteel society magazine famed for its adverts for well heeled nannies that has been at the centre of a bitter dynastic row for almost a decade. The Duchess of Cambridge is among famous faces to have graced the magazine's cover.

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