Decision details

Grant Contracted-Out Lease of 28 Midleton Enterprise Park, Midleton Rd, Guildford GU2 8FT.

Decision Maker: Joint Executive Head: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To approve the grant of lease of Units 28 Midleton Enterprise Park to IVR Electrical Limited Ltd, in line with the following terms and conditions:

Term = 10 Years outside the Act
Tenants break – after 5 years
Rent = £32,100PA
Deposit = 6 months rent + VAT
Rent review after 5 years to open market rent

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

Reasons for the decision:

To grant a new lease of units 28 Midleton Enterprise Park.

Alternative options considered:

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

Publication date: 23/11/2022

Date of decision: 26/10/2022

Effective from: 01/12/2022