A closer look at the Royal Lodgepublished at 21:51 GMT
Aerial footage of Andrew’s former home Royal Lodge
In 2003, Prince Andrew signed a lease on the Royal Lodge – a 30-room, Grade II listed mansion in Windsor Great Park, close to Windsor Castle.
He will now be leaving the Royal Lodge and moving to a private property in the Sandringham Estate.
The Royal Lodge has almost 100 acres of secluded grounds, including the royal chapel where Princess Beatrice’s wedding took place. The landlord, the Crown Estate, operates as an independent company.
Andrew made several up-front payments when he signed the 75-year lease, totalling about £8 million.
That means he’s been paying a “peppercorn” rent ever since. That’s a small, symbolic sum, which in this case seems to be nothing at all.
His lease with the Crown Estate had meant he would be able to stay there until 2078, beyond his expected lifetime – in light Buckingham Palace’s announcement, this is no longer the case.
The contract also states that his two daughters, Princess Beatrice and Princess Eugenie, are able to take over the residency – it is not yet known if this still stands.
