Decision details

Rent Review of the Lease dated 05/06/2016 of The Brinell Building, Lysons Avenue, Ash Vale GU12 5QF

Decision Maker: Assistant Director: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

To approve the reviewed rent of the above-mentioned property, leased to Hi-Speed Services Limited.

In accordance with Schedule 4 of the lease dated 05 June 2016, the passing rent of £199,475 has been reviewed and it is proposed to increase it to £222,500 per annu.

A memorandum will be endorsed on the lease recording this review.

If you have any queries, then please contact Faye Gunner who will be happy to provide further information.

Reasons for the decision:

To revise the rent.

Alternative options considered:

The decision meets the statutory / policy requirements for the Council and there were no alternative options available

Publication date: 09/11/2021

Date of decision: 09/11/2021