To surrender and regrant the lease to allow an
extension pf the term from 89 years to 130 years and to vary the
user clause to permit Student Accommodation Only with consent for
ACM (the Academy of Contemporary Music) to occupy specific and
agreed floor areas at a premium
Decision type: Key
Reason Key: Income > £200,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 26/04/2023
Decision due: 31 May 2023 by Deputy Head of Asset Management
Lead member: Lead Councillor for Finance and Property
Lead director: Joint Strategic Director - Place
Contact: Mark Appleton, Asset and Property Manager Email: mark.appleton@guildford.gov.uk.
Authority / Delegation: Council’s 8/12/2022 Constitution Part 3, Page 3-67 Para 1, allows the Executive Head: Assets and Property: To undertake the general management and control of the Council’s land and property holdings and to achieve the best economic and social use of land and buildings, including their appropriation for the purposes of achieving the Council’s priorities