Letchworth Heritage Foundation issues statement on why Khoi Khoi closed
Letchworth Garden City Heritage Foundation have released the following statement regarding the closure of Khoi Khoi after taking possession of the commercial premises at 21a Eastcheap.
As Letchworth Nub News reported the town centre restaurant which opened in September 2019, ceased trading due to rent arrears, with owners Letchworth Garden City Heritage Foundation, repossessing the prominent town centre site.
The Foundation told Nub News: "[We are] the largest commercial landlord in the town and are committed to the development of local services, charitable giving, and improvements to our town.
"We reinvest 40 per cent of this commercial income into the town, funding Broadway Cinema and Theatre, Standalone Farm and a £700,000 annual grants programme.
"The Foundation's property team works closely with tenants who fall behind on rental payments to find a solution.
"Unfortunately, if tenants fall substantially behind on rent and have no repayment plan it can be necessary to revoke tenancies, in line with their lease, to safeguard the future of the town's development and in fairness to our other commercial tenants."
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