Content

6.1

The committee considered a report of the Executive
Director Operational Services seeking the approval of the
Charity Trustee Sub Committee acting as Charity Trustee of
Abbeydale Industrial Hamlet, and the wider site of which it forms
part, (“the Charity”) to the surrender of the remaining
term of the current lease and the grant of a new lease to the
current tenant of the Property (as defined at paragraph 1.2 of this
report and referred to in the plan attached hereto) on the terms
set out in the Appendices to this report after consideration of the
contents of the Qualified Surveyor’s Report and satisfying
itself that the proposed terms are the best that can be reasonably
obtained by the Charity in the circumstances.

6.2

RESOLVED UNANIMOUSLY:
That the Charity Trustees Sub-Committee:-

1.   
On consideration of the commercial terms and the Qualified
Surveyor’s Report (set out in attached Appendices), confirm
that it is satisfied that the proposed terms are the best that can
be reasonably obtained by the Charity in the circumstances.

2.   
Approve the publishing of the relevant Charity Act notices and note
that a further paper will be brought back to the Charity Trustee
Sub-Committee in the event of any objections to the disposal being
received.

3.   
Subject to the outcome of recommendation 2, approve the surrender
of the remaining term of the current lease and the grant of a new
lease to the current Tenant on the terms set out in this report

 

 

6.3

Reasons for Decision

 

The proposal to
surrender the current lease and grant a new lease of this property
would enable the SMT to pursue funding to facilitate improvement
work to improve the overall ‘offer’ to visitors. This
would:
 
•      
help to secure the future and assists in maintaining this valuable
asset for use by the community facility into the medium term
•      
enhance Sheffield as a tourist destination
•      
enable the demised property to be occupied for the purposes of the
charitable objects of the Charity
•      
comply with the statutory provisions contained within the Act and
further with the requirements of the Charity Commission.

 

 

6.4

Alternatives Considered and Rejected

 

It was considered that there were no realistic alternative options
at this time. The Sub-Committee could decide not to agree to the
surrender of the current lease and the granting of a new longer
lease but the Property would then miss out on the investment
currently on offer.