Content

Exemption from publication: There are
confidential appendices to this report, which are exempt by virtue
of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the
Local Government Act 1972 because they contain information relating
to the financial or business affairs of any particular person
(including the authority holding that information).

To agree a New Lease of The Spa, Aylesbury

Reasons for the decision

The property is currently vacant. The terms of
the letting are in line with the market. The proposed letting will
generate a revenue to support delivery of the Council’s
services and meeting the Council’s obligations under Section
123 of the Local Government Act 1972.

Alternative options considered

Alternation Option Considered
Do not agree to the proposed terms of the lease

Benefit
The Council retains full control over the property and flexibility
for future use

Disbenefit
The Council will be responsible for void costs, including
maintenance, security, and lost rental income.

Alternation Option Considered
Decline terms for The Spa, requiring KC Wex to occupy a smaller
area in Annex B

Benefit
Potential cost savings from leasing a smaller space.

Disbenefit
Reduction in student access to specialist facilities, potentially
reducing course satisfaction scores.