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Best and Final Proposal of Robert Thompson’s Hambrough Group for Ventnor Winter Gardens

Best and Final Proposal of Robert Thompson’s Hambrough Group for Ventnor Winter Gardens

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Published by: ventnorblog on Aug 11, 2011
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05/12/2014

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Ventnor Winter GardensPier Street, Ventnor, Isle of WightHeads of Terms (Subject to Contract)Best and Final Proposal of Robert Thompson’sHambrough Group
Vendor:
 Isle of Wight Council, County Hall, High Street, Newport, Isle ofWight, PO30 1UD.
Purchaser:
Robert Thompsons’s Hambrough Group, c/o The HambroughHotel, Hambrough Road, Ventnor, Isle of Wight, PO38 1SQ
Vendor’s Solicitor:
Legal Services, Isle of Wight Council, County Hall, High Street,Newport, Isle of Wight, PO30 1UD.
Purchaser’sSolicitor:
Amphlett Lissimore Bagshaws LLP, Greystoke House, 80-86Westow Street, London SE19 3AF (ref: MG/61450/Sussmilch).
Address andDescription ofProperty:
The premises known as Ventnor Winter Gardens, Pier Street,Ventnor, for the purpose of identification only shown edged redon the attached plan, including all of the boundary walls andretaining walls as are currently the responsibilities of thevendor, and as registered under title number IW54883
.
 
Tenure:
Freehold.
Restricted UserCovenant:
The auditorium (as defined by a plan) is to be retained andused for a minimum period of 10 years from the date ofcompletion primarily for arts, cultural, educational andentertainment activities and ancillary purposes in support ofthese activities.
There will be the provision of a box office in support of this
For the first 10 years following the date of completion theauditorium is to be available for use by local communitygroups and organisations between 1000hrs and 2200hrs foran average of 20 hours a week over consecutive 26 weekperiods.
The Purchaser will provide an annual report to the Vendorfor the first ten years following the date of completion inorder to evidence that these user covenants have beencomplied with
1
APPENDIX D

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