US Edition'Acid Rain' Car Park in Weston-Super-Mare Loses £269k in a Year
NORTH SOMERSET, ENGLAND, JUL 7 – Council pays over £500,000 in rent for a car park with closed upper floors, causing a £269,000 annual loss amid a lease locked until 2058 with rising rent clauses.
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'Acid rain' car park in Weston-super-Mare loses £269k in a year
A 'ghost town' car park in the middle of Weston-super-Mare is losing a council £250,000 a year. Despite owning the freehold for the land on which Carlton Street Car Park is built, North Somerset Council is paying over £500k a year to rent it back from the owners of the 200-year lease.
·Bristol, United Kingdom
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