Content

DETAILS OF DECISION:
(attach additional sheets if required)
To accept terms for grant of a new one year lease over Bellfields
Community Centre which, in accordance with the Council’s
Procedure for Asset Disposal for Less than Best Consideration,
complies with the following:
1)the Council is leasing its land and buildings to an organisation
that falls within a group that the Council wishes to support in
helping it to achieve the Council’s wellbeing
objectives
2)the Council is providing financial support in the form of a
reduced rent or premium that is directly proportional to the amount
the organisation cannot afford, and
3)the conditions of the lease and the benefits gained from leasing
to the particular organisation would provide all the benefits the
Council expects can be achieved in order to promote or improve the
economic, social or environmental wellbeing of the Council’s
area
The tenant is Disability Challengers, who will be operating the
Centre on behalf of the Council.
The agreed term is to 31 May 2027 with a start date of 8 March
2026.
The rent will be £0 p.a.
The Council has obtained a detailed valuation report of the
interest to be disposed which confirms that the difference (the
undervalue) between the unrestricted value of the leasehold
interest in capital value terms compared to the restricted value in
capital value terms is £30,000 or less.
The Council’s independent valuer advises the annual market
rent to be £27,000. Therefore the undervalue is less than
£30,000.
If you have any queries, then please contact Mark Appleton who will
be happy to provide further information.

Reasons for the decision

To provide a community centre facility.

Alternative options considered

None