URL: https://democracy.cheltenham.gov.uk/ieDecisionDetails.aspx?ID=3477

Decision Maker: Cabinet Member Finance and Assets

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: To renew the lease-in of land at St James Street Car Park for a period of five years in accordance with the terms attached (Exempt Information by virtue of paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972). To ensure efficient estate management. To maximise the utility and efficiency of the St James Street Car Park. To maximise best value. Go to third party determination on the level of rent, likely to require full disclosure of the operating income and profitability of the car park, which could prove to substantiate a higher level of rent. In January 2025, the council renewed the lease of a car park at St George’s Place to Europarks at an equivalent rent of £950 per space. St James Street is considered a better location and far more accessible car park, reflected in the higher equivalent rent per space. Internal only, in agreement.

Date of Decision: December 19, 2025