Tee up a slice of luxury in Scotland
The former Prince of Wales, who was crowned King Edward VIII but later abdicated, enjoyed exclusive use of a particular building whenever he was in town.
The landmark property in St Andrews, Scotland, has operated as an exclusive hotel, a Royal Air Force training headquarters and, latterly, student digs.
But the building, now named Hamilton Grand and located by the 18th hole of the Old Course, will soon be returned to its high-class roots.
Kohler Co, which also owns the neighbouring Old Course Hotel, Golf Resort and Spa, is transforming the building into luxury apartments.
The development will feature 22 two-bedroom flats, ranging in price from £1.39 million (Dh7.93m) to more than £2.6, one three-beds at £2.44m and three four-beds starting from £4.65m.
All apartments boast original features, which have been painstakingly preserved. And they come with an extensive list of benefits, including access to a golf concierge and complementary butler service.
Residents of Hamilton Grand will also receive complementary membership, with guaranteed tee times, at The Duke's, a golf course ranked among the UK's top 100 by Golf World magazine, as well as the use of amenities at the Old Course Hotel.
The apartments are sold on a 99-year lease and will surround a landscaped Italian Garden. The development, including a landscaped Italian Garden, is scheduled for completion next summer.
Investors should take note that residences can only be rented out by the management company, which will take a 50 per cent cut of the revenue. Owners can place their apartments into the rental pool at any time with seven days' notice - and remove them, providing that they honour outstanding reservations.
The apartments attracted "phenomenal interest" when they went on sale earlier this week, with inquiries from Scotland to Singapore - and the UAE, according to David Vaughan of the estate agent Savills.
The building, which was the first in Scotland to have a "pneumatic elevator" also featured in the film Chariots of Fire.
Published: November 25, 2011 04:00 AM