Decision details

Unit 6, 6-8 Midleton Road, Guildford

Decision Maker: Assistant Director: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Grant of a new lease to November 2031

Decision:

To approve the grant of the lease of Unit 6, 6-8 Midleton Road, Guildford, Surrey GU1 1RU to City Gate Community Projects in line with the following terms and conditions:

A lease to 2031 with tenant break after 3 years and mutual break after 6 years which in accordance with the Council’s General Disposal Consent powers, provides the ‘best consideration reasonably obtainable’ where the proposed term exceeds seven (7) years.

The rent will be payable quarterly in advance and subject to and rent review at year 5.



Reasons for the decision:

In accordance with best estate management practice.

Alternative options considered:

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

Publication date: 28/06/2023

Date of decision: 28/06/2023

Effective from: 06/07/2023