Content

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.