Decision details

Surrender of Lease to Surrey County Council of the Lockwood Centre, 9-13 Westfield Road, Slyfield Industrial Estate, Guildford

Decision Maker: Joint Executive Head: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

The Council’s tenant (Surrey County Council) of the above property has requested that they be given licence to allow the surrender of the Lockwood Centre, 9-13 Westfield Road, Guildford.

For a surrender: GBC to surrender the lease with Surrey County Council who have deemed the property to be surplus to their requirements. Terms are agreed for the lease to be surrendered based on GBC receiving a premium sum of £162,000 plus VAT (equivalent to three years rent). Post surrender GBC intends to let the property (initially most likely as open storage) after demolishing the buildings and securing the necessary planning consent.

Reasons for the decision:

To implement the proposal in accordance with good estate management practice.

Alternative options considered:

None

Source of Authority to take Decision:

Council’s 21/7/2023 Constitution Part 3, Page 3-65 Para 4(e).

Publication date: 12/02/2024

Date of decision: 12/02/2024