Issue details

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

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.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 20/09/2021

Decision due: 20 September 2021 by Delivery Director – Property Services

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

Decisions