The property is let to Pelta Medical Papers Limited on a new FRI lease for a term of five years wef 8th May 2024, expiring 7th May 2029. The initial rent of £55,000 per annum (£9.30 psf) is to be reviewed on the third anniversary in line with OMRV. The tenant’s repairing liability is limited by way of a schedule of condition. The lease is contracted out of the Landlord & Tenant Act 1954.