Decisions

To approve the reviewed rent of the above property leased to EDG Energy Networks (SPN) Plc, now South Eastern Power Networks plc (UKPN).

In accordance with clause 1. (k), and The Schedule Fourth Part Rent Review Provisions of the lease, the passing rent of £115pa has been reviewed and it is proposed to increase it to £130.63pa with effect from 28 October 2020.

The rent is to be increased upon the 5th anniversary of the commencement date of the lease and every subsequent 5th anniversary with reference to the increase in the RPI from a base figure, which is the Index figure published for the month preceding the date of the lease.

A memorandum will be endorsed on the lease recording this review.

The Council’s tenant has requested to surrender the lease on the above property comprising retail unit with flat above and simultaneously take back a lease on the retail unit only.

The flat will be taken back into housing and the tenant has agreed to pay a financial settlement of £15,000 to bring the flat back into tenantable order.

This is best consideration achieved for the Council
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If you have any queries, then please contact Jacqueline Stewart who will be happy to provide further information

To approve the grant of a lease to Boots UK Ltd of the retail unit at the above address in line with the following terms and conditions:

• Agreed term of 5 years inside the Act 1954 with a break on the 3rd anniversary
• Rent set at £16,700 per annum exclusive of rates, outgoings, and VAT payable quarterly in advance.

This is best consideration achieved for the Council

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

The Council’s tenant of the above property has requested that they be given licence to allow them to carry out the following alterations at the above property.

• Installation of an underground irrigation system with pop-up sprinklers and associated water tank.

• Siting of a steel security container 1000mm x750mm x100mm within an existing shed to house a generator.

• Moving an existing water standpipe.

The Council cannot unreasonably withhold or delay consent for such alterations

If you have any queries, then please contact Damien Cannell who will be happy to provide further information

To approve the grant of the lease of part second floor of Old Millmead House in line with the following terms and conditions:

For grant of a new lease the rent will be £38,960 per year, 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 agreed term is 3 years, with a mutual break option at the end of 24 and 30 months on six months’ prior written notice.

The rent will be payable quarterly in advance.