Decision

To complete a deed of surrender to bring the external shed, currently leased to unit 2 back to the council and grant a new business tenancy for unit 2 The Arcade and instruct legal services to execute.

Reasons for the decision

Terms have been agreed with the tenant who is currently in occupation with a right to a new lease. The current rent is £21,000. The agreed for the return of the shed and a new lease of the shop unit for 15 years at a rent of £23,500 per annum.

Alternative options considered

None