The report before Members considered the renewal of the lease at 4 The Keys, Warley,  which was currently occupied by ‘Martin The Newsagent’ as a convenience store.  The current lease on 4 The Keys, Warley would expire in September 2016

It was proposed that Martin surrendered their current lease and took a new lease from September 2015 at an increased rent and widened user clause to incorporate the selling of alcohol.  This was subject to the tenant at 3 The Keys (currently holding over on their lease) who sold alcohol terminating their lease,  for which 3 months notice needed to be given. Martins had been in discussions with the tenant of 3 The Keys regarding purchasing the goodwill of that business.

Cllr Russell MOVED and by Cllr Hirst SECONDED the recommendation in the report and following a full discussion a vote was taken by a show of hands and it was

RESOLVED  UNANIMOUSLY

That a new lease would be agreed with Martins on the above outline basis to increase the income to the Council approximately a year earlier than expected and secure a key tenant in the Keys shopping parade for the immediate future.

REASON FOR RECOMMENDATION

To ensure that this key tenant that generated footfall in The Keys was retained for at least another five years.