Lease Renewal Update
We are delighted to announce that the Heads of Terms have been agreed for a new 35-year lease agreed from Cheltenham Borough Council and Sandford Lido Ltd, the charity who are in charge of the facility.
The Lido trust will continue to pay the council a peppercorn rent of £5 per year and retain the majority of the car park income.
Council cabinet member for finance, Councillor Rowena Hay, said: “I’m delighted to offer the Lido trust a nominal rent and agreement for them to retain the car parking income they need for the future.
“We value the heritage of our town and know that Cheltenham people do too, so we work hard to preserve our local heritage assets like the Lido.”
The trustees of the Sandford Lido Ltd said: “We are pleased that the council have recognised the importance of the Lido within the community. We look forward to working with them as the Lido continues to develop.
‘’On behalf of our Trustees and staff thank you to all our Lido community who have supported us over the last 24 years and during the lease renewal process.”