Decision Maker: Director for Communities
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The purpose of this report is to seek consent
to accept a surrender of a lease dated 8th November 2019 for use of
the premises at 14 - 16 Water Lane, Bishop's Stortford as a
restaurant.
The business opened just before the first Covid 19 lockdown and as
a result was severely impacted before it was able to establish a
resilient financial and trading position, with the business closing
in early 2022. The council has negotiated a surrender of the lease
and a payment plan regarding outstanding costs due to the council.
The property is now empty and options for the future of the
property are being considered together with the council’s
wider land ownership in this location.
To accept a surrender of the lease dated 8th
November 2019 between the council and the tenants for the premises
at 14 - 16 Water Lane, Bishop's Stortford.
Option 1 - a)To leave the tenants in
occupation. NOT RECOMMENDED as the tenants have informed the
council they are not able to continue trading and thus meet costs
payable to the council.
Publication date: 09/04/2026
Date of decision: 11/02/2026
Accompanying Documents: