Decision details

Grant a Contracted-Out Lease of Riverside Centre Friary St GU1

Decision Maker: Joint Executive Head: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


To approve the grant of the lease of the Riverside Centre to Webuild Athletics Ltd in line it the following terms and conditions.

The use will fall within Use Class E of the Town and Country Planning (Use Classes) Order 1987

The agreed term is 10 years; the rent is £25,000 pax; payable quarterly in advance; subject to a rent review on the 5th anniversary upwards only.

This provides the ‘best consideration reasonably obtainable’ where the proposed term exceeds seven (7) years.

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

Reasons for the decision:

Grant of new lease

Alternative options considered:

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

Publication date: 07/03/2023

Date of decision: 07/03/2023