Princess Beatrice has 'no more rights to inherit the lease for Royal Lodge' over Princess Eugenie

The properties leased included Royal Lodge, a Gardener's Cottage, the Chapel Lodge, six Lodge Cottages, and police security accommodation in addition to 40 hectares of land.

The lease agreement requires the Duke of York, 64, to undertake refurbishments at his own expense.

In the event of Prince Andrew's death, the leasehold may be assigned only to his former wife, Sarah Ferguson, or his two daughters, Princess Beatrice, 36, and Princess Eugenie, 34 or a trust established solely for their benefit.

If the duke decided to terminate his lease, the property would revert to the Crown Estate.

Robin Edwards, a buying agent at Curetons Property Finders, spoke exclusively to GB News to explain how the property would be divvied up between Beatrice and Eugenie, the duke's daughters.

He said: “From what we understand about the leasehold agreement from the National Audit Office (NAO), in the event of Prince Andrew’s death, the lease for the Royal Lodge is only assignable to either his widow, his daughters, Princess Beatrice and Princess Eugenie or a dedicated trust established solely for their benefit.

“How Prince Andrew chooses to leave the lease of the property is entirely at his own discretion.

"So he could leave it entirely to one daughter or jointly to both.

“Even though Princess Beatrice is the elder of the two sisters, in this case, it does not give her any more rights to inherit the lease over her younger sister.”

Princess Beatrice lives in an apartment in St James's Palace with her husband, Edoardo Mapelli Mozzi.

LATEST ROYAL NEWS

• Archie set to mark milestone after Harry and Meghan return from Colombia
• Sussexes' outgoing Chief of Staff was hired to 'guide duke through his next phase'
• Andrew braced for backlash as new picture from upcoming TV series drops

Meanwhile, Princess Eugenie splits her time between Portugal and the UK with her husband, Jack Brooksbank.

Neither of the sisters are currently working members of the Royal Family, meaning that they are unlikely to want to leave their jobs and private lives for a role in the spotlight.

Their father, Prince Andrew, stepped down from royal duties in 2019.

The duke received mass criticism following his Newsnight interview where he discussed his friendship with the late convicted sex offender, Jeffrey Epstein.