That:

(a) a new lease is granted to David Christopher Limited (trading as Oswin & Co) of retail premises at 20 Widemarsh Street, Hereford for A1 retail use for a term of fifteen years at a rent of £40,000 per annum exclusive of outgoings.

Four other bids were received. The selected applicant offered the best package to the council in terms of rent and length of term and business proposal. The other offers are detailed in appendix 1.

Offer the property for sale freehold. This would reduce the opportunity to retain revenue income for the council.

Do nothing, but this would leave valuable business premises unoccupied, resulting in loss of income, continued holding costs and a risk of vandalism.