The property is let to Premier Inn Hotels Limited on a full repairing and insuring lease of 25 years from 30 September 2020 expiring 29 September 2045, providing a long unexpired term of circa 20.5 years. The current passing rent of £642,600 per annum (£5,100 per room) is subject to five yearly CPI rent reviews subject to a collar of 0% and 4% compounded annually. The next review is due on 30th September 2025 where the rent is projected to rise to £752,174 per annum.