(CNN) -- Hampton Court Palace will be the venue for the cycling time trial event at the London 2012 Olympic Games, it was announced on Wednesday.
The royal palace, located in the London borough of Richmond upon Thames, will host the road cycling discipline which is competed over 44km for men and 29km for women.
The event sees riders begin the course at 90-second intervals, with the cyclist who registers the fastest time winning the gold medal.
"Hampton Court Palace is a stunning venue that will showcase the area," Sebastian Coe, the chair of the London Organizing Committee, told the London 2012 official website.
"We have worked closely with the International Cycling Union and our partners to ensure that we have the best possible sporting course for the athletes and we are confident of spectacular races and worthy winners."
The race will be free to watch for members of the public, who will not need a ticket to attend the event.
"This is another great example of how we are bringing events to the outer boroughs of the city so that all Londoners can feel the buzz of the Games," Boris Johnson, the British capital's mayor, said.
The race will take place on August 1 2012, the fifth day of the 2012 Summer Games.
Switzerland's Fabian Cancellara took the gold medal in the men's event at the 2008 Games, while America's Kristin Armstrong emerged victorious in the women's division.