Decision details

OD/20/11 Surrender the Long Leasehold interest at the Orwell Centre

Decision Maker: Officer Decision

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Decision made to enter into a Deed of Surrender at the above property. The Council owns the freehold of this property and had granted a long lease expiring in 2036. The assignment/surrender premium paid was £200,000.



The Decision was taken for the following reasons:

·         Opportunity to strategically manage the Council’s estate. The Council owns the freehold of the land and the building. The availability of the lease was openly marketed by the long leaseholders.

·         Short to medium term aspiration for redevelopment of site to support regeneration for potential housing scheme in accordance with Draft Local Plan allocation.

·         An independent valuation was obtained confirming the assignment/surrender premium was Market Value.


There were no alternative sites to consider.


There are no Crime & Disorder, Equality, Social Value in Contracts, HR, Legal, or ICT implications.

Publication date: 25/06/2020

Date of decision: 16/04/2020

Accompanying Documents: