Decision details

To approve the renewal of the lease of outdoor seating area outside of Rodboro Building to JD Wetherspoon in line with the following terms and conditions:

For grant of a renewal lease the rent will be £5,000pa, which in accordance with the Council’s General Disposal Consent powers, provides the ‘best consideration reasonably obtainable’ where the proposed term exceeds seven (7) years.

The agreed term is 25 years, co-terminus with the Tenant’s lease of the Bar and Restaurant in Rodboro Building. There is a a Landlord break on 6 months’ notice at any time after the 3rd anniversary to allow for the public realm and flood prevention works that the Council propose to the adjacent Theatre Square.

The rent will be payable quarterly in advance and subject to a fixed increase of 7.5% every fifth anniversary.

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

To accord with sound estate management practice, maximising income from the investment portfolio.

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

Scheme of Delegation to Officers October 2024
Assistant Director – Assets and Property
Para. 3.8.3
To acquire and dispose of land and property in connection with the Council’s functions and to grant leases, variations, tenancies, rights, easements, licences, consents and wayleaves of, in, or over buildings or land in connection with the Council’s functions, in accordance with Council policies and within the approved General Fund capital programme.
In consultation with the Portfolio Holder and the Joint Service Director Finance