Prince Andrew seems to be clinging on the final straw of hope as he tries to salvage Royal Lodge for his two daughters, Princess Beatrice and Princess Eugenie.
King Charles and his shamed brother have been in an ongoing row over the 30-room royal Windsor mansion, because the monarch deliberate to downgrade Andrew to Prince Harry and Meghan’s former Windsor residence, Frogmore Cottage.
Despite Andrew displaying “authentic” sources of revenue to remain within the Lodge, Charles can affect a choice to kick him out of his residence. However, a property shopping for agent revealed that Andrew can nonetheless handle to maintain his Windsor residence on one situation.
“As lengthy as Prince Andrew can proceed to pay the not insignificant repairs prices of sustaining Royal Lodge as per the phrases of his 2003 lease, King Charles and the freeholder the Crown Estate gained’t have the ability to turf him or his descendants out,” actual property professional Robin Edwards informed GB News.
The professional defined that the 75-year lease settlement in lieu of lease, requires the non-working royal to “undertake refurbishments of Royal Lodge at his personal expense”. He famous that again in 2002, the price of repairs was “conservatively estimated at £7.5 million” which was $9.5 million USD.
“The prices are more likely to have grown considerably since then with time and inflation,” he added.
Edwards identified that given the harm seen within the pictures of the outside, crumbling stonework and peeling paint, this could not be only a “easy renovation”. Previous stories additionally revealed that the home is plagued with mould points.
It stays to be seen how Prince Andrew will probably be dealing with monetary struggles particularly after King Charles cuts off the royal funds.
