Church Street Regeneration - Commercial Tenant Renegotiation

June 7, 2024 Executive Director of Regeneration, Economy and Planning (Officer) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to approve the surrender of the commercial lease for the Lord High Admiral Pub at 95 Church Street, along with a compensation payment to Unique Pub Properties Limited, to facilitate the demolition and development of Site A.

Full council record

Decision

Summary of
Decision
 
The Executive Director of Regeneration,
Economy and Planning has approved the surrender of the existing
commercial lease to the Council and to approve a compensation
payment to be paid to Unique Pub Properties Limited the registered
leasehold proprietor of the Lord High Admiral Pub, 95 Church
Street, for the sum stated in confidential report attached +
reasonable legal fees for the negotiation a deed of surrender and
reasonable surveyors fees for the negotiation of deed of surrender
and compensation fees (in line with CPO guidelines).
 
Reasons for
Decision
 
This decision will precipitate the removal of
a formal CPO objection and yield up a vacant unit to facilitate the
demolition and development of Site A.
 

Details

OutcomeRecommendations Approved
Decision date7 Jun 2024