Decision details
LEASE AT FORMER PAGL UNIT, GOLDEN MILE CENTRE
Decision Maker: Director of Resources
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To seek approval of a 10 year lease to Pure Jump (Rugby) Ltd at the former PAGL unit of the Golden Mile Centre, securing an all-inclusive rental income of £120,000 per annum, pending future re-development of the site which is accounted for by provision of a development break-clause after 3 years and then 12 months thereafter. A relocation clause is also included to provide the opportunity for the Council to accommodate the business within the CLQ development within the first three years.
Decision:
To approve 10 year lease to Pure Jump (Rugby) Ltd on basis outlined in Heads of Terms.
Publication date: 07/12/2017
Date of decision: 07/12/2017
Accompanying Documents:
- Officer Non Key Exec Decision - PAGL
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