1. The Maylord Orchards Centre is now owned outright by the council as a strategic asset in the centre of Hereford.
2. The Centre comprises multiple retail units a number of which 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 Tenancy at Will will allow the tenant to occupy the property while a lease of the unit is finalized and so mitigate costs in terms of business rates and standing charges that the council will otherwise pay
4. The proposed tenant, a mobile phone retailer, and the terms for the letting have been recommended by the council’s agent Wright Silverwood.
5. This tenancy at the Centre will not prohibit that council from undertaking development at a future date.