This report seeks approval under delegated
authority for the award of a loan agreement to Five Miles London
Ltd for the value of £150,000 subject to the approval of
planning permission. The planning permission is conditional on the
signing of a travel plan by Ten87 who are sub-letting the
space.
The business will use the loan in order to provide a bar/cafe,
club/performance space and micro-brewery on the site at Markfield
Road, Tottenham Hale.
OIF will be used specifically for the building works including the
construction of the state-of-the-art event space and part payment
for the construction and fit-out of the trade area, micro-brewery
and back of house.