Decision

Cabinet:
 
2.1 The Cabinet Member approved the grant of
the new lease on the terms agreed.

Reasons for the decision

1.1 The current lease expires 16th January
2026. The lease is excluded from the Security of Tenure provisions
of the Landlord & Tenant Act 1954.
 
1.2 Following negotiations terms have been
agreed for a new 5-year excluded lease (further details outlined in
Appendix A)

Alternative options considered

1. Not renew the lease and secure vacant
possession for LDC to:
 
a) Sell the asset.
 
b) Remarket the premises to find an
alternative tenant but pay rates and utilities in the meantime.
 
c) Use the property for its own purposes and
take no rent but pay rates and taxes.
 
d) Convert the property into an alternative
use.