Issue - meetings
Lease at Unit 2, The Picture House, St Catherine’s Road, Grantham
- Subscribe to updates
- Share this item
Meeting: 03/12/2024 - Cabinet (Item 89)
Lease at Unit 2, The Picture House, St Catherine’s Road, Grantham
To consider whether or not to sign off the lease agreement.
Additional documents:
- Restricted enclosure 2
- Restricted enclosure 3 , View reasons restricted (89/3)
- Webcast for Lease at Unit 2, The Picture House, St Catherine’s Road, Grantham
Minutes:
Purpose of the report
To seek approval to grant a new lease at Unit 2, The Picture House, St Catherine's Road, Grantham.
Decision
Cabinet authorised the grant of a new lease at Unit 2, The Picture House, St Catherine’s Road, Grantham.
Alternative options considered and rejected
To reject the proposed lease offer and continue to seek alternative interest from the existing retail market, with the Council holding any associated financial burden in the interim. This was not proposed as a suitable option for the reasons outlined in the exempt report.
Reasons for the decision
The tenant had viewed the unit with the Council’s managing agent Eddisons and requested a lease for Unit 2 of The Picture House as shown in exempt Appendix 1 – Heads of Terms.
The meeting closed at 3:30pm.