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: Strategic Assets Delivery Director
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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: Sarah Jowett, Strategic Assets Delivery Director Email: Sarah.Jowett@herefordshire.gov.uk Tel: 01432 383302.
Publication date: 16/11/2023
Date of decision: 16/11/2023