Decision details

RE18 0091 Approval to draw down Capital Allocation

Decision Maker: Assistant Director of Trading Services and Assets

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Hexthorpe Flatts Cafe was formerly a toilet block which were delapidated and unfit for use and did not provide a good first impression for visitors. The toilets were put on the market to let in 2012 with a tender received to convert into a cafe which provided a much improved asset.
The tenant however has not been able to make a profit or break even since opening the cafe and has changed the status to a CIC. As an outcome of the change in status the tenant has approached the Council to operate the break clause in the existing lease and requested a new lease for a reduced rental.

Decision:

To grant a new lease of the Hexthorpe Flatts Cafe to The Dell Cafe CIC.

Alternative options considered:

Option 1 - Do not grant new lease (not recommended)
Option 2 - Grant new lease to Dell Cafe CIC (recommended)
Option 3 - Disposal of property on the market (Not recommended)

Publication date: 18/07/2018

Date of decision: 26/06/2018