Community Asset Transfer (CAT) via grant of lease in land at Ashley Farm Grafton and Newton Farm to Southside Project CIC
The land at Ashley Farm and Newton Farm is
owned by the Council and comprises a block of agricultural land
currently let under grazing licences and a sports ground leased to
Belmont Wanderers Football Club who are part of the Southside
Project group and have agreed to surrender their existing
The Southside Project Group (comprising NMITE the new Hereford University, Belmont Wanderers FC and Grow Local CIC who encourage and educate communities to grow and eat local food) have been identified as a recipient of Stronger Towns funding which forms part of the Governments’ levelling up agenda to deliver community facilities to enhance the well-being of local residents.
In line with the council’s CAT policy the Southside Project members have submitted reasoned and detailed business cases demonstrating the community/sporting/educational value they can deliver as a result of the grant of the lease and that they have financial resource at their disposal to take on responsibility for the property and deliver the identified outputs.
The business cases have been evaluated by a panel of officers from across the council and has recommended that the grant of the lease is progressed
The following terms have been agreed-
The rent to be discounted in line with the independent valuation advice received to reflect the social and community value the project will deliver
The lease to be for a term of 35 years with provision for rent review
The tenant will be responsible for all repairs, maintenance, compliance
with statute and all outgoings in respect of the property
The use will be restricted to community, sporting and educational purposes
The lease will be subject to confirmation that Stronger Towns funding has been approved and that all necessary planning and other statutory consents have been sought and obtained
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 23/06/2022
Decision due: 15 June 2022 by Delivery Director – Property Services
Contact: Suzanne Garlick, Estates management officer commercial Email: email@example.com Tel: 01432 260689.