To approve the grant of a new lease in respect of Unit 28, Maylord Orchards Centre.
1. The tenant has negotiated a deal to renew their lease of Unit 28 Maylord Orchards Centre.
2. The Council’s letting agent has negotiated terms for the new lease and recommended renewing the tenant’s lease.
3. The Centre comprises multiple units, some of which have been vacant for some time and it is important that occupation levels are maximized so that the holding costs incurred by the Council are mitigated.
4. The Terms agreed leave the Tenant responsible for payment of the rent, landlord Service Charge, business rates, insurance, utilities and internal repairs.
5. The agreement aligns with the Management Plan January 2024.