Decision Maker: Assistant Director of Trading Services and Assets
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The current tenant, Wedd (Flowers) Limited are
holding over on a lease which expired on 8th March, 2000. When they
were granted a lease of the property it was given without security
of tenure, however because they are holding over they now have
security of tenure which would mean that if the property was
required for redevelopment, as previously proposed, compensation
would be payable to the tenant.
Simultaneous surrender of the existing lease
of Bays 28
The proposed surrender and re grant provides
the Council with the opportunity to maintain an income stream and
have better control of the property should redevelopment of the
area take place in the future.
Publication date: 30/01/2017
Date of decision: 12/01/2017
Accompanying Documents: