Issue - decisions

Approval of new leases, licences, tenancies and associated legal agreements in respect of vacant properties held within the council’s commercial property investment portfolio

05/09/2024 - Approval of new leases, licences, tenancies and associated legal agreements in respect of vacant properties held within the council’s commercial property investment portfolio

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.