The property is let to Premier Inn Hotels Limited on a full repairing and insuring lease of 25 years from 23 March 2015 expiring 22 March 2040, subject to a tenant only break on six months notice on 23 March 2035 providing a long unexpired term of just over 15 years to expiry and 10 years to break. The current passing rent of £491,156 per annum (£6,139 per key) is subject to five yearly rent reviews, the next being due on 23 March 2025. The rent is reviewed with reference to the Consumer Prices Index subject to a collar of 0% and 5% compounded annually. The vendor intends to top up the rent to £576,774 per annum (£7,210 per key), the expected revised rent from 23 March 2025