Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 26, 2026

Purpose: The review and agree the new lease.

Content: Decision: To grant a new 15-year lease of 124 High Street, Guildford to Positano Trading Limited on the terms set out in Exempt Appendix 1 to this report.   Reason(s): 1.            The proposed new lease represents best consideration and provides security of income for the Council. 2.            Granting the proposed new lease prevents additional external agents’ and court costs being incurred from an application to court to conclude the renewal, or costs associated with a vacant unit should the tenant not accept any alternative terms.   Other options considered and rejected by the Executive: None.   Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.