Rent The current passing rent is £1,550,000 per annum exclusive. Terms The property is available by way of an existing effective Full Repairing & Insuring Lease expiring 23rd June 2027, with the next rent review on 24th June 2017 and 5 yearly thereafter. The lease is contacted inside the Security of Tenure and Compensation Provision of the Landlord & Tenant Act 1954, Part II. Rates We understand from the Valuation Office Agency that the Rateable Value for the property is £995,000 and the current Rates Payable are £510,435 pa. The Uniform Business Rate for 2015/2016 is 51.3p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.