Purpose

1. The properties are owned by the council as
part of its property investment portfolio held to deliver optimum
commercial returns through rental income which is used to support
the council’s strategic objectives in line with the County
Plan 2020 – 2024.
2. In August 2023, it became apparent that a major retailer had
appointed an Administrator to try and sell its business as a going
concern
3. The Administrator has confirmed that it had been unsuccessful in
its plans, but had secured the future of a number of stores across
the Country. It was confirmed Herefordshire Council’s store
was to permanently close to the public with effect from Thursday
21st September.
4. The Administrator has contacted the Authority’s on site
Centre Manager to arrange to hand the keys of the property over on
Friday 22nd September and to surrender the lease.