Flat overlooking Old Course sells for record £4m
A two-bedroom flat in one of the most treasured locations in sport has set a record by selling for more than £4 million.
The apartment in Hamilton Grand overlooks the Old Course in St Andrews and was on the market for £4.1m. The buyer is American and comes ahead of the venue hosting the 150th Open Championship this summer.
Hamilton Grand is a former university-owned student hall which was converted into 27 residences by the American Herb Kohler who bought the building for £11.5m in 2009.
Despite the price paid for the apartment, planning restrictions mean it cannot be regarded as a principal residence, so most the flats are used as holiday homes.
Residents get a 24-hour butler service and valet parking as well as use of a private residents’ lounge with original sweeping staircase on the ground floor and a communal roof terrace with views across the Old Course and the Fife coastline. Additional perks include spa membership for two at the town’s Old Course Hotel, which is also owned by Kohler.
Jamie Macnab, a residential sales agent with Savills, said: “These very high prices show that international buyers are active again post-pandemic.
“St Andrews is one Scottish location which attracts genuine international interest but we also definitely have more American and other international interest in estates and castles since travel restrictions eased.”
Another two-bedroom apartment in the complex is now on the market for the same price, with agents believing there will be no shortage of International interest.
Scores expansion approved
Planning permission has been granted by Fife councillors for the refurbishment and extension of The Scores Hotel which is also close to the St Andrews Old Course.
The scheme, designed by Todd Architects, will be taken forward on behalf of the hotel’s new owners, a joint venture between Links Collection Capital and Northern Ireland based property investment company, Wirefox, who purchased the property last year.
Work will now commence to reconfigure the hotel’s existing rooms and add a five-storey extension at the rear to create a 5-star luxury hotel with 51 rooms.
Todd Architects is working closely on the detailed design with interior design studio, Goddard Littlefair, to develop a contemporary scheme inspired by the history and splendour of the locale.