A decision on a 200-year-old listed landmark was delayed due to the cancellation of the cabinet meeting on Monday (September 30). Number 1 Newport Street is in need of tens of thousands of pounds worth of work at a site which is a stone's throw from the town hall. The Grade-II listed landmark is from the reign of George IV, according to Historic England, and it has had a number of uses including a library and a museum.
The leaseholder Nationwide has let the building for more than 50 years but it has let the building to others over the years including the bookmaker whose branding is there to this day. The council came to an agreement on a lease surrender subject to the approval of the cabinet but any decision was delayed due to the cancellation of the cabinet meeting this week. ALSO READ: Bolton Council to bin its ban on hypnotism after 40 years .
Nick Peel, the leader of Bolton Council, said: "The building is in a prominent position and Bolton Council is able to bring the building back into use. "Nationwide have the lease for decades and there is income from the lease but leaving it in a state until 2060 or so is not something we want to do." (Image: Newsquest) Number 1 Newport Street is in need of tens of thousands of pounds worth of work at the site including the roof, the walls and the windows.
Nationwide's "surrender premium" is to cover the cost but the actual amount of the "surrender premium" is not public. There is no new tenant at this time but according to a report t.