Decision details

Renewal of Lease of Unit 7, Three Elms Trading Estate, Bakers Lane, Three Elms Road, Hereford

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 undertake rent reviews and lease renewals and following negotiations with the existing tenants have made 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: 26/09/2024

Date of decision: 19/09/2024

Accompanying Documents: