Issue - meetings

The Sub-Committee resolved to move into private session for this item in accordance with Paragraph 3 (information relating to financial or business affairs) of Part 1 of Schedule 12A of the Local Government Act 1972.

Latest information was presented about the investment properties owned by the Council and its subsidiary company, Gryllus Property Limited. The properties concerned were:

Gryllus properties:

     80-84 Station Road East, Oxted

     The lease with Cook had completed.

     30-32 Week Street, Maidstone

     Refurbishment had been completed, and handover was expected within the next two weeks.

     Castlefield House, Reigate

The lease would expire in 2029 and the Council had instructed a consultant to advise on the development options.

TDC properties:

     Quadrant House, Caterham Valley

A new logo for The Q had been designed and Officers were working on a brochure, website and other digital marketing. Two new single desk lettings had been agreed. A new letting of 1,044 sq ft had been completed. Officers were considering options for the larger suites which were proving harder to let

The McDonalds letting had received planning approval, and the lease was close to finalisation. Officers would present the final lease to Members prior to completion.

     Village Health Club, Caterham on the Hill and Tandridge Leisure Pool, Oxted

     Officers had served schedules of dilapidations on the tenant in respect of both centres. The latent defect at Tandridge Leisure Pool was the Council’s responsibility and would be tendered shortly.

     Council Offices, Oxted

No updates.

Linden House, Caterham

Regear negotiations had commenced with the tenant. Officers were considering other options for the building.