Decision details

The Council’s tenant of the above property has requested that they be given licence to allow the assignment of their interest in the above-mentioned property.

The tenant Lidl Great Britain Ltd hold an interest in part (55%) of the lease dated 06 June 2007 made between The Guildford School of Acting Conservatoire assigned to Big Yellow Self Storage Company Limited. Big Yellow Self Storage Company Ltd assigned part to Lidl Great Britain in 2019.

Lidl Great Britain Ltd proposes to assign the whole of their interest to BC BBU Limited, in accordance with the Council’s General Disposal Consent powers, the proposed assignment provides the ‘best consideration reasonably obtainable’ where at the time of assignment the remaining term exceeds seven (7) years.

The lease requires the Assignor (Lidl GB Ltd) to enter into an Authorised Guarantor Agreement. It has also been agreed that BC BBU Limited are to provide a rent deposit equivalent to 12 months rent plus sum equal to VAT (£10,890).

For information only: The assignee is proposing to obtain planning consent to change the current planning use from A1 Non-food retail unit to E Office Research and development and Light Industrial and Storage. Under the lease landlords’ consent is not required as the “Permitted User” means use for any purpose for which planning permission is granted.

The Council cannot unreasonably withhold or delay consent for such assignment.

If you have any queries, then please contact Faye Gunner who will be happy to provide further information.

To grant a licence to assign.

The decision meets the statutory / policy requirements for the Council and there were no alternative options available.