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.