Issue details

The purpose of the report is to seek approval to enter into a 10 year lease with Lyme Design and Build Limited (LD&B Ltd) for the Stable Block at Wilmslow Leisure Centre, Alderley Road, Wilmslow.

The property has been vacant for a number of years and is in need of substantial renovation. Offers have been sought from interested parties to use the land on the basis of a 10 year lease.  The lease is to include a restricted user clause, will be contracted out of the security provisions (Section 24-28) of the Landlord and Tenant Act 1954 and the Council will insist on a sufficient mutually agreeable break clause in the proposed lease agreement.

LD&B Ltd propose to use the site for an office and storage (B1 use) for residential home improvements, new builds & expansions; it is proposing to improve and enhance the property and therefore the Council will receive the benefit of a much improved asset and realise any uplift in value or beneficial use which may be available at a later date.  They will be responsible for obtaining planning permission for the proposed improvement works and for a change of use (if required).

Letting the property will generate an annual income and relieve the Council of its obligations in terms of future holding costs (throughout the duration of the lease).