ASHTON OUTDOOR MARKET - PROPOSED TERMINATION OF KIOSK LEASES TO FACILITATE REDEVELOPMENT OF ASHTON OUTDOOR MARKET

February 22, 2024 Executive Member (Finance & Resources) (Cabinet member) Approved View on council website
Full council record
Purpose

To complete the
proposed redevelopment of the outdoor market it is necessary to
obtain vacant possession of the sites of the kiosks currently in
situ in Ashton Market Square.  
This decision authorises the serving of notices to terminate the
existing tenancies and to manage those leases which have expired,
or which are due to expire.
The decision also
authorises the negotiation of short-term leases on a temporary
alternative site for a number of the affected tenants. These leases
will be for a term of 3 years, contracted out of the renewal
provisions of the Landlord and Tenant Act 1954 at open market
rental value subject to a three month re-location break
clause.  The break will be effected once
the refurbishment of Ashton Market Square has been completed,
following which new leases will be negotiated with each tenant, and
as such can be approved by the Director of Place under delegated
powers (Constitution part 3a F 57 (i) refers).

Content

That it be DETERMINED that:
 

1.       Notice
to terminate leases be served on the kiosk tenants detailed in the
attached report on Ashton Outdoor Market, in order to obtain vacant
possession of the outdoor kiosk units to facilitate the
redevelopment of the outdoor market.

 

2.       In
respect of the kiosks where the leases have expired or will expire
prior to possession being required a short-term licence will be
issued to each occupier and terminated when required to facilitate
the redevelopment project.  Licences to
be granted at open market rent under delegated powers granted to
the Director of Place (Constitution part 3a F 57 (i) refers).

 

3.       That
new leases to be on broadly similar terms to the existing leases,
but are yet to be negotiated, to be granted to selected tenants for
the temporary occupation of an alternative site pending completion
of the redevelopment.  Such leases to be
contracted out of the renewal provisions of the Landlord and Tenant
Act 1954 at open market rental and to be approved under delegated
powers by the Director of Place Constitution part 3a F 57
(i) refers).

Supporting Documents

ASHTON OUTDOOR MARKET PROPOSED TERMINATION OF KIOSK LEASES.pdf

Details

OutcomeRecommendations Approved
Decision date22 Feb 2024