Joan Collins buys new Hollywood pad

Actress Joan Collins has purchased a plush pad in the heart of Hollywood.

The 74-year-old Dynasty star and husband Percy Gibson, 42, splashed out $2.7 million for the high-rise apartment that sits on the world-famous Sunset Strip.

The 2,700-square foot unit has two bedrooms and 2 bathrooms with glass walls and a balcony.

The flat is on the 27th floor of the 32-story Sierra Towers landmark building, which towers over Tinsel Town with spectacular views from the city to the sea.

Her new neighbours include singer Elton John and 'Friends' actor Matthew Perry.

In the past Cher, Lindsey Lohan and Sidney Poitier have all called the building home.

Amenities include a 24-hour butler, a fitness suite and a rooftop pool.

Collins and Gibson also have homes in London, New York and the south of France.