Key Features of Proposed Lease for Montrose Golf Links

KEY FEATURES OF PROPOSED LEASE FOR MONTROSE GOLF LINKS


The following summarises the key terms of the proposed lease arrangement between Angus Council and Montrose Golf Links Limited (with The Ancient Links Golf Company Ltd as sub-tenant). This summary reflects the main provisions currently agreed in principle and is intended to provide a clear overview for the public.


1. Lease Parties

  • Landlord: Angus Council
  • Head Tenant: Montrose Golf Links Limited
  • Sub-Tenant: The Ancient Links Golf Company Ltd or a subsidiary thereof


2. Property Covered by the Lease

  • The lease covers the whole of Montrose Golf Links, including:
  • The 1562 Course and Broomfield Course
  • Practice areas and pitch-and-putt facilities
  • Retail and office space
  • Maintenance buildings, car parks and associated infrastructure


3. Length of Lease

  • The proposed lease term is 99 years.
  • Angus Council retains the right to terminate the lease in the event of a serious breach that is not resolved within a reasonable period.


4. Rent and Financial Arrangements

  • A rent of £30,000 per year will be payable to Angus Council (Montrose Common Good).
  • Rent will be subject to review in accordance with an agreed rent review process.


5. Use of the Site

  • The site must continue to operate as a high-quality golf facility.
  • The 1562 Course will be maintained as a championship-standard course.
  • The Broomfield Course will be maintained to at least its current standard, with a minimum of 9 playable holes.
  • Any change of use will require prior approval from Angus Council.


6. Maintenance, Investment and Standards

  • The tenant will be responsible for maintaining the courses, buildings and facilities to at least their current standard, with a commitment to ongoing improvement.
  • The Tenant initially will invest £3 million in the Property in the first 5 years.
  • Independent course condition reports will be required at least every five years to improve the course, facilities and operations, subject to landlord approvals being granted.
  • Angus Council can require additional reports if standards decline.


7. Responsibility for Running Costs

  • The tenant will be responsible for:
  • Business rates and water rates
  • Utilities and operational costs
  • All statutory testing and safety compliance (e.g. electrical, fire safety, water systems)


8. Repairs, Alterations and Control

  • The tenant will be responsible for repairs and upkeep.
  • Material changes or alterations require approval from Angus Council, but all other changes shall be as determined by the Tenant.
  • The lease cannot be transferred or sub-let without Council consent such to not be unreasonably withheld or delayed).


9. Coastal Erosion and Climate Risk

  • The agreement recognises the long-term risks from coastal erosion and climate change.
  • Where significant and exceptional costs arise due to coastal erosion, there may be provision for temporary rent relief.
  • If coastal impacts make the site no longer viable to operate, provisions allow for:
  • Temporary suspension of obligations; or
  • Potential termination of the lease, subject to agreed safeguards.


10. Public Access and Community Benefit

  • The lease will include arrangements to:
  • Maintain local access to golf for residents

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