Horse Guards Parade in the heart of Westminster was built in 1745 to house Buckingham Palace's personal guards, known as the Queen's Life Guard.
The Parade stages the Mounting of the Queen's Life Guard and on the Queen's official birthday in June the Trooping the Colour ceremony is a popular televised event.
Already steeped in a colourful history, there could be more eye-popping scenes if the Parade hosts the 2012 Olympic beach volleyball competition.
As London's largest single open space, Horse Guards Parade would make an ideal venue - the flat area would be easy to fill with sand with plenty of space to erect several courts.
On the transport front, Horse Guards Parade is right in the heart of the city centre and is served by several train and bus routes.
Horse Guards Parade is also just a stone's throw from the Prime Minister's main residence in Downing Street.
"To have beach volleyball outside the Prime Minsters's office will keep the Prime Minster involved in the Games," quipped Prime Minister Tony Blair.