Prince Andrew 'impossible' to evict from Royal Lodge as rent discount revealed

Prince Andrew will be "impossible" to evict from Royal Lodge as expert reveals his rent discount. The 65-year-old released a statement on Friday which shared that he will relinquish all of his remaining titles and honour amid the latest Epstein scandal.

The royal signed a 75-year lease to live at the 30-room mansion in 2003. His ex-wife Sarah Ferguson, who will also no longer be known by her Duchess of York title, lives with Andrew at the property despite having been divorced since 1996.

According to Andrew's lease documents for Royal Lodge, the "nominal" annual rent was £260,000.

However, the £8.5million initial outlay is equivalent to £113,000 per year. This means that if Andrew or his family remained in the property for 75 years, they would pay a fifth of the supposed market rate.

Estate agent Henry Sherwood suggested: "The yearly rent could be as much as £1.2million per annum if it was on the open market."

This will works out to £17million over the years.

Under the terms of his 75-year lease, Andrew had to pay £1million upfront - and then agree to spend £7.5millon on urgently needed renovations.

Unless these agreed terms are broken, the York family can live in the mansion until June 2078.

The memoir of Andrew's accuser, the late Virginia Giuffre, was released on Tuesday, six months after she took her own life.

Virginia told her co-writer Amy Wallace that her "heartfelt wish" was for the book to be published even in the event of her death.