Issue 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

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.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 16/11/2023

Decision due: 16 November 2023 by Strategic Assets Delivery Director

Contact: Sarah Jowett, Strategic Assets Delivery Director Email: Tel: 01432 383302.