Andrew Mountbatten-Windsor had been renting out three cottages on the Royal Lodge property, a brand new investigation discovered.
Andrew Mountbatten-Windsor rented out three properties on his former property (Picture: GETTY)
The Nationwide Audit Workplace’s report into the Agency’s residential property association has discovered that Andrew Mountbatten-Windsor was subletting three properties on the Royal Lodge property, together with his precise revenue from the choice undisclosed. The 66-year-old beforehand lived at Royal Lodge earlier than his eviction earlier this 12 months over his connection to the late intercourse offender Jeffrey Epstein.
Andrew, who now lives on the Sandringham property in Norfolk, sublet three properties on his former property, with Robin Edwards, a property shopping for agent at Curetons, estimating how a lot he might have made.
Talking to the Impartial, he revealed that he would anticipate rents of £2,500 to £5,000 monthly per cottage.
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Though this could rely upon the dimensions, specification and precise location throughout the property.
He added: “Three-bedroom cottages throughout the Windsor Property would command a premium due to their distinctive setting, safety and status.
“Assuming they’re well-maintained interval cottages, I’d anticipate rents within the area of £2,500 to £5,000 monthly per cottage, relying on measurement, specification and precise location throughout the property.
“For 3 such cottages, a landlord might doubtlessly generate between £7,500 and £15,000 monthly in rental revenue, equal to roughly £90,000 to £180,000 per 12 months.”
Andrew pictured beforehand together with his daughters, Beatrice and Eugenie (Picture: GETTY)
All tenants had vacated the cottages by April this 12 months, based on auditors.
The most recent report additionally discovered that Andrew’s daughters, Princess Beatrice and Princess Eugenie, don’t pay any hire in the direction of their houses at royal palaces.
It discovered that the sisters, who now have their very own younger households, have their rents paid in full by their uncle, King Charles. The sisters have residences elsewhere and are each non-working royals with full-time careers outdoors the Agency. Their rents had been adjusted primarily based on outdated market valuations.
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