The Property will be subject to a sale and leaseback where the freehold of the building will be sold, subject to Bishop Grosseteste University taking a new lease on the following terms.Bishop Grosseteste University will enter into a new 20 year effective full repairing and insuring lease with 5 yearly RPI linked rent reviews with a 1% and 4% collar and cap at an initial passing rent of £620,000 PAX.The lease will be executed on the day of completion.Tenure The freehold of the building will be sold subject to contract via an Informal Tender method of sale. The property is currently held on a single title and the boundaries are to be confirmed at a later date via the solicitors. Method of Sale-The property is being offered For Sale by way of Informal Tender with offers to be submitted by Thursday 14th March 2024.