A rather splendid lease has come up on Kings Weston House in Somerset. The house was designed by Sir John Vanbrugh and built in the 1700s for the Southwell family. Over the years it has been used as a hospital, part of Bristol University School of Architecture, a police training academy and latterly a wedding and conference venue. The lease has 114 years remaining with a guide price of £2m. Were the house to be let for large country house parties, an annual income of £150k+ ought to be sustainable but the interest on a mortgage would eat away at over half of this. Add on cleaners, repairs, mortgage repayments etc and, well, it’s a hard one to justify. The present owner has expressed a desire to keep the house’s door open and hopefully someone with deep pockets will achieve that aim. Anyone looking to take a ‘long term’ lease for a short-term lettings may be better off looking at 10 than 100 years!