This is the £1million luxury townhouse underwear tycoon Michelle Mone has put on the market so she can buy her ex-husband out of the 'dream home' they once shared. The 43-year-old entrepreneur bought the three-bedroom property in the Park Circus area of Glasgow for £780,700 after she split from her former husband Michael in December 2011. She spent months renovating the period two-storey townhouse, described by estate agents as an 'outstanding interior designed luxury home'  which has been 'impeccably refurbished'. Scroll down for video . On the market: Michelle Mone has put her luxury Glasgow townhouse up for sale so she can buy her husband out of their 'dream' mansion . Luxury: The £1million property in the exclusive area of the city comes complete with ornate high ceilings and large windows in the living room . Trendy: The fully-integrated kitchen has been fitted with modern, top of the range appliances and features a white gloss central island . Tycoon: Michelle Mone set up Ultimo underwear business with her husband Michael (right) in 1996, but they split in December 2011 . It features a grand staircase and magnificent reception hall leading to a modern fully integrated kitchen and drawing room complete with a marble fireplace and a living flame fire. The views expand over the residents central gardens in the exclusive part of the city and the master suite comes with it's own wet room. Each of the three high-ceilings bedrooms have been kitted out with lavish headboards, sparkling chandeliers and luxurious curtains. Interior photographs show the living room with a baby grand piano in it and a painting of a sleeping blonde woman above the fireplace. Grand: Ms Mone didn't move into the townhouse straightaway after spending months having it renovated, including this spectacular staircase . Magnificent: The large hallway leads to the staircase in the two-storey property, which comes complete with three bedrooms . Impressive: Ms Mone bought the property for £780,000 after splitting from her then husband. The large hallway comes with a massive mirror . It is being marketed by estate agents Corum for offers over £875,000, which means the Ultimo founder will profit from at least £100,00 if it sells. Once the sale is completed she plans to move back into her family home, a five-bedroom mansion in Thorntonhall, Lanarkshire, after agreeing a deal with her ex-husband to buy it . Mone, who also owns a £2million flat in Mayfair, London, said she would change her old mansion to rid it of 'bad memories' when she revealed her property plans last week. The mother-of-three said: 'I'm selling my home here in Glasgow but I also own the big house with my ex-husband. For two years I've been trying to buy him out of it and he only agreed just the other day - which is fantastic. 'I'm over the moon. I'll always have a base here in Glasgow but I've moved in to my London home as well. So, that means I'll have just the one home here rather than one and a half.' She said that although she has not lived in the Thorntonhall home for two years, she 'loves' the property, which she bought with her then husband, Mr Mone, in 2008. They demolished the original building, and built 'Telperion', a home six times the size of the average British house. Comfy: The bay windows stream light into the living room of the property, in an exclusive area of Glasgow, which has been fully re-decorated . Elegant: One of the bedrooms in the property has been decorated with a cerise and beige velvet accessories and features a large window seat . Sparkling: The master suite includes a wet room, kitted out in a gold-theme, while the house also has another shower room and laundry room . 'I designed it, I built it, I love it,' she said. 'But I'm going to change it all so that it doesn't have any of the bad memories from when I lived there. That said, I haven't been spending a whole lot of time in the town house since I've been promoting my book in America.' In 2010, Ms Mone was at the centre of a row with neighbours over plans to add a sauna, gym and bar to the home. Five residents objected to her proposals and one said the development would 'completely dwarf' the rest of the street. But it was still given the go-ahead by planners. The couple created lingerie brand Ultimo together in 1996, split in 2011 after she believed Michael had had an affair with bra designer, Samantha Bunn, with whom he has set up a rival lingerie firm. Writing on Twitter earlier this month, Ms Mone said: 'Sad to be selling my stunning townhouse in Scotland. Brilliant news is after trying for two years I'm buying my ex out of my dream home.' The couple continued to live in the family home for some time after their acrimonious separation. In her recently published autobiography, Mone admitted she put laxatives in her husband's coffee, let down his tyres and cut holes in his boxer shorts. She also said that on one occasion while they were still sharing the marital home, she poured cold water on his side of the bed. Ms Mone said later: 'I am sorry for that. Sorry for that woman I became. It wasn't nice at all.' After she moved into the townhouse in Park Circus, she opened the doors of the home for a photoshoot with Hello! magazine, describing the property as her 'new beginning'. Townhouse: The period townhouse (centre) has southerly views over private residents’ central gardens in the Park Circus area of Glasgow . 'Dream home': This is the luxury five-bedroom mansion Ms Mone previously shared with her husband, which she plans to move back into . 1996 Michael and Michelle Mone create lingerie brand Ultimo . 2008 The couple buy plot in Thorntonhall, Lanarkshire. They demolish the original building, and build 'Telperion', a home six times the size of the average British house . 2010 Ms Mone is at the centre of a row with neighbours over plans to add a sauna, gym and bar to the home . 2011 Michelle and Michael split in December after she believed he had an affair with bra designer, Samantha Bunn. He has since set up a rival lingerie firm with Ms Bunn . 2012 The former family home in Lanarkshire is put on the market for 2012. Ms Mone claims her ex-husband refused to sell his part of the property. Ms Mone pays £780,700 for three-bedroom duplex in Glasgow and had extensive works done . 2013 Ms Mone moves into her Glasgow townhouse, and showcases it in exclusive Hello! interview . 2014 Ms Mone becomes embroiled in a bitter row over plans to turn the house next door to her £1 million home into student digs . Today She announces plans to sell Glasgow home and move back into former family home .
Michelle Mone bought three-bedroom property in Glasgow's exclusive Park Circus after splitting from Michael Mone .
She spent months renovating period townhouse but is now selling to buy ex-husband out of their family mansion .
It features a grand staircase, large reception hall and luxury interior designs throughout bedrooms and living room .
The 43-year-old Ultimo founder will profit from at least £100,000 if it sells and also owns a £2million flat in Mayfair .