Decision Maker: Joint Assistant Director: Assets and Property
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To approve the reviewed rent of the above property leased to
Chamoss International Limited.
In accordance with the 2nd Schedule of the lease, the annual
passing rent of £18,000 has been reviewed as at 9/1/24 and it
is proposed to increase it to £22,500.
The increase in rent is in line with ongoing market evidence and
has been agreed after a period of negotiation. Our consultant
recommends the matter is concluded on this basis.
A memorandum will be endorsed on the lease recording this
review.
If you have any queries, then please contact Charles Wood who will
be happy to provide further information.
In accordance with good estate management
practice having regard to the terms of the lease.
The decision meets the statutory requirements
for the Council and there were no alternative options
available.
Council’s 15/5/2024 Constitution Part 3,
Page 3-63 Para 4(a), Executive Head: Assets and Property in
relation to the Council’s land and premises leased or
licenced to others and in consultation with the appropriate lead
Councillor and relevant Director:
To approve revisions in rent
Publication date: 06/06/2024
Date of decision: 05/06/2024