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  #41  
Old 01-19-2014, 08:53 PM
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It seems the Wessex took on a house they couldn't afford to keep up. I wonder how Anne and Andrew manage?
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  #42  
Old 01-19-2014, 09:59 PM
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Anne has a working estate on which she farms, raises, breeds and trains horses.

Andrew has the money from the sale of Sunninghill which reportedly was 15 million pounds - astutely invested that should provide a sizeable income for both himself and his daughters.

They all also have trust funds from The Queen Mother at least if not from The Queen herself to use to support their private lives as a member of the royal family.

The Queen pays their official expenses from the Duchy of Lancaster.
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Old 01-19-2014, 10:32 PM
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On reflection maybe Bagshot wasn't such a good choice, the house is in relatively small grounds so can't be farmed out and used in the same way as Anne can use Gatcombe. In other words Bagshot is a large house with not all that many ways of making money
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  #44  
Old 01-20-2014, 01:11 AM
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It's a very large house for such a small family. Edward & Sophie do use the house for official functions every now and then.
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  #45  
Old 01-20-2014, 08:35 PM
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Wonder if the article is correct in reporting Edward has a 150 year lease and pays 90,000 per year rent. The Michaels pay 120,000 for their apartment at Kensington. Andrew's lease is reportedly for 99 years.
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  #46  
Old 01-20-2014, 09:00 PM
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I need to do some research on this because the Queen bought Gatcombe for Princess Royal and bought the house for Andrew and so it raises the question what did she do for Edward?
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  #47  
Old 01-20-2014, 09:45 PM
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I've seen a report from 2005 in the Independent newspaper (good reputation for factual reporting) which says Edward pays £90000 in rent but gets back £80000 in rent from the existing tenant of the rented out wing.

Apparently Edward started leasing this house when he set up Ardent Productions so not a wedding present
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  #48  
Old 01-21-2014, 09:39 AM
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Quote:
Originally Posted by cepe View Post
I've seen a report from 2005 in the Independent newspaper (good reputation for factual reporting) which says Edward pays £90000 in rent but gets back £80000 in rent from the existing tenant of the rented out wing.

Apparently Edward started leasing this house when he set up Ardent Productions so not a wedding present
Is there any idea who is leasing these days?
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  #49  
Old 01-21-2014, 03:31 PM
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Edward is still leasing the house. He started leasing it when he set up Ardent and after the demise of Ardent continued to lease the house. Who is in the stables now I don't know but it was a pharmaceutical firm in 2005.
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Old 01-24-2014, 10:26 AM
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Originally Posted by tommy100 View Post
On reflection maybe Bagshot wasn't such a good choice, the house is in relatively small grounds so can't be farmed out and used in the same way as Anne can use Gatcombe. In other words Bagshot is a large house with not all that many ways of making money
I agree with you on this. They would have been better with a house in larger grounds so they would have another revenue stream.
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