Decision details
Approval of new leases, licences, tenancies and associated legal agreements in respect of vacant properties held within the council’s commercial property investment portfolio
Decision Maker: Commercial and Investment Manager
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
The council owns a property investment
portfolio held to deliver optimum commercial returns through rental
income that is used to support the council’s strategic
objectives in line with the county plan 2020 – 2024.
The Council has appointed agents to achieve new lettings in respect
of vacant units.
The agents have openly marketed the units and following
negotiations with prospective tenants make fully justified
recommendations as to the terms of the agreements and the level of
rent to be agreed that reflect the current market
conditions.
Contact: Michelle Chadd Email: michelle.chadd4@herefordshire.gov.uk Tel: 01432 261552.
Publication date: 05/09/2024
Date of decision: 02/09/2024
Accompanying Documents:
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