Issue - decisions

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

12/02/2024 - Surrender of Lease to Surrey County Council of the Lockwood Centre, 9-13 Westfield Road, Slyfield Industrial Estate, Guildford

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.