To approve the grant of a lease of the
first-floor offices within Unit 2 The Billings to Avenuebio
Consulting Ltd. on the following terms:
Term: 5 Years
Rent: £46,125 p.a.
Break Option: Tenant-Only Break after 3 years
Rent Free Period: First 2 months plus next 3 months at 50%
rent
Deposit: £13,837.50
Repairs: Full Repairing and Insuring (subject to schedule of
condition)
Decision type: Key
Reason Key: Income > £200,000;
Decision status: Recommendations Approved
Wards affected: Stoke;
Notice of proposed decision first published: 31/10/2023
Decision due: 28 Nov 2023 by Assistant Director: Assets and Property
Lead member: Lead Councillor for Finance and Property
Lead director: Joint Strategic Director - Place
Contact: George Musgrave, Asset & Property Manager (Investment) Email: george.musgrave@guildford.gov.uk.
Authority / Delegation: Council’s 21/7/2023 Constitution Part 3, Page 3-65 Para 3(a)