Leases to expire

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Two Surrey clubs are soon to expire. Soon, in real estate terms means in less than 30 years.

Sunningdale, although geographically in Berkshire is affiliated to Surrey. The land is owned by St John’s College and the lease will expire in a few years, and as yet the new terms are not clear.

Wimbledon Park Golf Clubs lease is owned by the All England Lawn and Tennis Club, Wimbledon. They have offered the golf club £250,000 to move on to new premises. Their lease has less than 30 years left to run, but the golf club are holding out for much more money. The tennis club might wait for the expiry of the lease to run out to claim the land back with no compensation for the members.

Worrying situations for both clubs.

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