Decision Maker: Assistant Director: Assets and Property
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To approve the grant of a new lease of Unit 17&18 at Midleton
Enterprise Park on the following terms:
Term: 5 Years
Rent: £32,280 p.a.
Rent Free: None
Deposit: £6,456
Breaks: Tenant Option to break after 3 years
Reviews: None
Please note that this letting will also involve a surrender of the
lease currently held by Vacuums4U of Unit 35 at Midleton Enterprise
Park, dated 29/04/2022 which is a 5 year term at £14,250 p.a.
The tenant will be required to return this unit in good repair and
condition for immediate re-letting. N.b. this surrender is approved
under a separate DA.
If you have any queries, then please contact George Musgrave who
will provide further information.
In order to secure a commercial letting of the
property and receive the rental income.
None
Scheme of Delegation to Officers July
2024
Joint Assistant Director – Assets and Property
Para. 3.8.3.:
To acquire and dispose of land and property in connection with the
Council’s functions and to grant leases, variations,
tenancies, rights, easements, licences, consents and wayleaves of,
in, or over buildings or land in connection with the
Council’s functions, in accordance with Council policies and
within the approved General Fund capital programme. In consultation
with the Portfolio Holder (Cllr Richard Lucas) and the Joint
Assistant Director – Finance (Richard Bates)
Publication date: 08/08/2024
Date of decision: 05/08/2024