Decision
Analysis
outcome: The approval was given for a ten-year, market rent, full repairing and insuring lease of Sovereign House.
summary: The decision involves leasing Sovereign House to the Secretary of State for Housing Communities and Local Government for use by His Majesty's Courts and Tribunal Service.
topline: The City Mayor has decided to lease Sovereign House to the Secretary of State for Housing Communities and Local Government for use by His Majesty's Courts and Tribunal Service.
reason_contentious: This issue is not contentious as the building is already held in the Corporate Estate Investment Portfolio.
affected_stakeholders: ["City Mayor", "Secretary of State for Housing Communities and Local Government", "His Majesty's Courts and Tribunal Service"]
contentiousness_score: 0
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://cabinet.leicester.gov.uk/ieDecisionDetails.aspx?ID=1484
Decision Maker: City Mayor (Individual Decision)
Outcome:
Is Key Decision?: No
Is Callable In?: Yes
Purpose: To seek approval to proceed with a ten-year, market rent, full repairing and insuring lease of Sovereign House, Princess Road West, Leicester, LE1 6TR, comprising 0.26 acres (1,038m2), to The Secretary of State for Housing Communities and Local Government for use by His Majesty’s Courts and Tribunal Service, a current licensee of the building as a special purchaser (as defined in the Council’s Constitution).
Content: To seek approval to proceed with a ten-year, market rent, full repairing and insuring lease of Sovereign House, Princess Road West, Leicester, LE1 6TR, comprising 0.26 acres (1,038m2), to The Secretary of State for Housing Communities and Local Government for use by His Majesty’s Courts and Tribunal Service, a current licensee of the building as a special purchaser (as defined in the Council’s Constitution). To approve: A ten-year lease disposal at market rent on a full repairing and insuring (FRI) basis of Sovereign House, Princess Road West, Leicester, LE1 6TR, to The Secretary of State for Housing Communities and Local Government as a special purchaser (as defined in the Council’s Constitution). It is noted that the City Barrister and Head of Standards Division will prepare and execute all necessary documentation required. The Director of Estates and Building Services Division will agree the required detailed terms. Sovereign House is held within the Council’s Corporate Estate Portfolio and is currently not fully occupied. An existing licensee wishes to fully occupy the building and will pay market rent on a full repairing and insuring basis that will provide an improved annual revenue income to the Council and cut costs from void areas. None as the building is already held in the Corporate Estate Investment Portfolio.
Date of Decision: July 23, 2025