King Charles is reportedly planning to rent out the Royal Lodge, currently occupied by his scandal-ridden brother Prince Andrew, for an estimated $1.2 million per year. This decision aims to generate commercial revenue from the property, located in Windsor Great Park, which has been the residence of Prince Andrew. Despite the King’s intentions, Prince Andrew has shown no inclination to vacate the property, leading to a significant rift between the royal siblings.
The tension between King Charles and Prince Andrew has been described as “bitter,” drawing parallels to the ongoing feud between Prince Harry and Prince William. Sources close to the matter suggest that King Charles is resolute in his determination to reclaim the Royal Lodge, with the ultimate goal of converting it into a revenue-generating asset for the Crown Estates.
A source close to the monarchy told The Sun, “It makes sense for Royal Lodge to be handed back to Crown Estates, which can pay for the much-needed repairs and renovations. It could then be rented to earn money for them, the King’s coffers, and the country rather than being a drain on everyone’s resources.” This move aligns with King Charles’ strategic shift towards financial sustainability and efficiency within the monarchy.
Currently, Prince Andrew receives substantial financial support, estimated at around $5 million annually, to maintain his lifestyle and the upkeep of the Royal Lodge. Cutting off this support could be a potential strategy King Charles employs to persuade his brother to leave. Despite the financial implications, Andrew remains steadfast, relying on his “cast-iron lease” which includes a clause ensuring the property is kept in good repair.
Prince Andrew moved into the 30-room Royal Lodge in 2004, shortly after vacating Sunninghill Park. Over the years, he has reportedly invested millions into refurbishing the property. “As far as he [Andrew] is concerned, he isn’t moving,” an insider revealed. “He can not be any clearer. He’s not going to leave and move into another property, he has a lease, he’s spent millions on doing the place up, and doesn’t want to move. Whoever is behind this would have to drag him out and that clearly isn’t going to happen.”
Despite Andrew’s resistance, there is a strong belief that King Charles will ultimately succeed in his efforts. One potential measure includes cutting off the annual allowance that supports Prince Andrew. “It makes sense for Royal Lodge to be handed back to Crown Estates, which can pay for the much-needed repairs and renovations,” reiterated the source.
The Royal Lodge, with its incredible royal connections and extensive grounds, has significant financial potential. A property expert noted, “Rental of £1 million ($1.2 million) a year is not far-fetched for a house of that size with incredible royal connections.” By renting out the property, King Charles aims to transform what has been a financial drain into a lucrative asset for the monarchy and the nation.
The decision to rent out the Royal Lodge is not without its challenges. Prince Andrew has explored various options to retain the property, including leasing it to his ex-wife Sarah Ferguson, and their daughters, Princess Beatrice and Princess Eugenie. However, the financial burden of maintaining the property remains a significant obstacle.
Sarah Ferguson, who still resides at Royal Lodge despite her divorce from Prince Andrew in 1996, addressed the situation on Good Morning Britain. “I’m a very lucky guest… but I tend not to get involved in brothers’ discussions and I think that’s the safest place to be. Let the brothers discuss it themselves,” she said, indicating her reluctance to be drawn into the dispute.
The King’s decision follows reports that Andrew has struggled to meet the £400,000 per year upkeep of the property. This development underscores the broader financial challenges facing the monarchy as it navigates the complexities of modernizing its assets while preserving its heritage.
‘I’m a very lucky guest, but I tend not to get involved in brothers discussions.’@SarahTheDuchess is asked about the reports that she and Prince Andrew could be asked to leave Royal Lodge. pic.twitter.com/en9mfTDOx9
— Good Morning Britain (@GMB) June 5, 2024