Decision details

Lease renewal in respect of unit 28 Maylord Shopping Centre, Hereford

Decision Maker: Delivery Director – Property Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

1. The Maylord Orchard Shopping Centre is now owned outright by the council as a strategic asset in the centre of Hereford.

2. The Shopping Centre comprises multiple retail units some of which a number have been vacant for some time and it is important that occupation levels are increased so that the holding costs incurred by the Council are mitigated.

3. The renewal for a period of 12 months will help retain an existing occupier and the footfall that they bring, whilst also mitigating void costs for the unit.

4. The tenant, a mobile phone retailer, and the terms for the letting have been recommended by the council’s managing agent Montagu Evans.

The tenancies at the Shopping Centre will not prohibit the council from undertaking development at a future date.

Contact: Sarah Jowett, Strategic Assets Delivery Director Email: Sarah.Jowett@herefordshire.gov.uk Tel: 01432 383302.

Publication date: 20/09/2021

Date of decision: 20/09/2021

Accompanying Documents: