Decision details

Grant Contracted-Out Lease of 26 Midleton Enterprise Park.

Decision Maker: Assistant Director: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

To approve the grant of lease of Units 26 Midleton Enterprise Park to Esoteric Horticulture Ltd, in line with the following terms and conditions:

Terms:
Term = 15 Years
Rent = £32,100PA
Deposit = 6 months rent
Break = Tenant only break after years 5 & 10.
Rent review = 5 yearly, upward only.
Paid quarterly in advance.

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

Reasons for the decision:

To grant a new lease of units 26 Midleton Enterprise Park.

Alternative options considered:

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

Publication date: 07/10/2022

Date of decision: 05/10/2022

Effective from: 18/10/2022