Issue - meetings

Land and Building at Cobtree Manor Estate

Meeting: 11/07/2019 - Cobtree Manor Estate Charity Committee (Item 29)

29 Land and Building at Cobtree Manor Estate pdf icon PDF 63 KB

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The Corporate Property Manager presented her report seeking the Committee’s agreement to the assignment of a lease of land and building at Cobtree Manor Estate. 


The Corporate Property Manager advised the Committee that in 1993 the Council granted a lease of land and building at the Cobtree Manor Estate to Travis Perkins (Properties) Ltd.  The lease was for 999 years less 3 days and the rent was a peppercorn because Travis Perkins paid a premium for the lease in 1993 of £93,750.  Travis Perkins had now established a new inter-group company to hold its property and had requested that the lease be assigned to the new company, TP Property Company Limited.


It was noted that granting the assignment would allow the lease to continue under its existing terms to the same tenant with the only variation being to the company name.  It would also prevent the possibility of the Council being in breach of its obligations as a landlord because under the terms of the lease a request of this nature cannot be unreasonably withheld.




1.  That a licence to assign be granted to Travis Perkins (Properties) Ltd and the licence be backdated to allow for the delay in reporting the matter to the Committee.


2.  That Mid-Kent Legal Services be asked to prepare the relevant legal documents and complete the transaction.