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LEASE AT FORMER PAGL UNIT, GOLDEN MILE CENTRE

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 type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 07/12/2017

Decision due: 7 Dec 2017 by Director of Resources

Lead member: Cabinet Member for Regeneration, Enterprise and Economic Development

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