Decision Maker: Head of Asset Management
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Council’s tenant BC BBU Ltd of 5
Woodbridge Meadows Industrial Estate has requested that they be
given a licence to allow the subletting of the property.
The details of the subletting to PORSCHE RETAIL GROUP LIMITED
(Company Registration Number 00220221) Ltd are as follows:
Sublease: 2 years with Landlord rolling break after 12 months on 3
months’ notice at any time
Rent: £100,000pa
Use: for temporary parking use to support dealership
facility.
The Council cannot unreasonably withhold or delay consent for such
sub-letting.
If you have any queries, then please contact Charles Wood who will
be happy to provide further information.
In accordance with sound estate management
practice.
The decision meets the statutory / policy
requirements for the Council and there were no alternative options
available.
Scheme of Delegation to Officers October
2024
Assistant Director – Assets and Property
Para. 3.8.5
In relation to premises leased or licensed to others:
e) to approve proposals for assignment, sub-letting or surrender of
leases and for change of use.
In consultation with Portfolio Holder
JSD Finance where there are financial implications.
Portfolio Holder (Housing) for HRA non-commercial leases.
Relevant Assistant Director/JSD
Publication date: 04/12/2024
Date of decision: 03/12/2024