Eugenie’s rent was 50 per cent of the 2018 open market value from 2020 to 2021, and ranged from 55 per cent in 2022 to 63 per cent in 2025, while rent on Beatrice’s was 60 per cent of the 2020 market value from 2020-2021 and ranged from 62 per cent to 68 per cent between 2022-2025, the NAO said.
