09/12/2014 04:55 GMT | Updated 10/12/2014 04:59 GMT

'Banker' Impaled On Railings After Marylebone Penthouse Fall

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Ambulance, fire and police crews were called to the scene in Montagu Square (file picture)

UPDATE: Scot Young Dead: Bankrupt Property Tycoon Impaled On Railings In London Penthouse Fall

A man has been killed after falling from a fourth-floor Marylebone penthouse.

The victim, in his 50s, was impaled on 5ft railings below.

Police, ambulance and fire crews were called to the address in London’s exclusive Montagu Square at around 5.30pm on Monday.

A spokesman for the London Fire Brigade confirmed to Huffington Post UK they had assisted police by cutting through the metal railings with an angle grinder.

His death is not being treated as suspicious.

The Evening Standard reports the £3m property is next door to one which used to be owned by Beatles drummer Ringo Starr.

A neighbour told the newspaper: “It is horrific and very sad. My cleaners were here and saw the man’s body. They were traumatised.

“It was a very gruesome scene. The body was hanging there for a while.

“Police covered it with a tent straight away when they arrived but quite a few people must have seen it. I couldn’t look, I was horrified.”

The victim is believed to have worked in the banking or financial services industry, neighbours said.