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Cameo eyes a long lease

posted 23 Oct 2010, 05:47 by David Rintoul

The owner of the Cameo cinema is to be granted an extension to its lease.

City Screen Ltd rents a former shop at 8 Lochrin Place from the city council and uses it as a 65-seat cinema screen that forms part of the wider complex.

The lease has been continuing on a year-to-year basis at a rate of £8600 per annum, but City Screen wants to extend the lease until March 2059. Rent will rise from an initial £11,000 a year to £13,000 from April 2014 and £15,000 from April 2019.

Councillors are expected to approve the deal next week.

Source: Evening News