A home on the links. That seems to be the latest buzzword for property developments from Spain to Dubai.
Now, St Andrews, Scotland, considered to be the spiritual home of golf, is the latest to join the trend.
Its oldest links date back to the 15th century.
Called Hamilton Grand, the 19th century St Andrews building now houses 26 private residences and come with a price tag of £1.26 million (Dh7.5m) to £7.5m. It overlooks the 18th hole on the St Andrews Old Course and is adjacent to the 225-year-old Royal and Ancient Golf Club.
The Old Course is indeed old – around 600 years, and is a public course held in trust by the St Andrews Links Trust, set up in 1974.
Already, almost half of the residencies at Hamilton Grand have been sold with the early buyers promised home possession next month, according to the property’s sales team.
Besides the golf, views from the property are also being marketed as the attraction.
“Below the windows of Hamilton Grand, a living portrait unfolds with panoramic views of the Old Course, medieval ruins and the North Sea,” says Helen Parker, the director of resort sales, marketing and real estate at Hamilton Grand.
The collection of apartments include a penthouse. The building was restored by the American-based Kohler Company, known for its plumbing products, in keeping with the building’s Victorian past. All the apartments have been left bare and it is up to the owner to design the interiors.
The building has a lounge and a deck on the sixth floor, and comes with a grill restaurant overlooking the 19th hole and a members’ library.
With around 14 golf courses across the Emirates, the popularity of the game is on an upswing.
In 2008, Dubai World’s Leisurecorp, which has interests in sport and leisure sector, bought Scotland’s Turnberry golf course for £55m. It also owns Pearl Valley Golf Estates in South Africa, as well as Jumeirah Golf Estates.