Content

Exemption from publication: There are
confidential appendices to this report, which are exempt by virtue
of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the
Local Government Act 1972 because they contain information relating
to the financial or business affairs of any particular person
(including the authority holding that information).

To agree the proposed terms of the lease

Reasons for the decision

Having reviewed the proposals put forward for
a new letting, the recommended offer meets all of the
Council’s requirements under Section 123 and the use aligns
with the vibrancy of this area and regeneration objectives.

The property is currently vacant. The terms of the letting are in
line with the market. The proposed letting will generate a revenue
to support delivery of the Council’s services and meeting the
Council’s obligations under Section 123 of the Local
Government Act 1972.

Alternative options considered

Alternative Option Considered
Not to let the property and the Council retain ownership

Benefit
No benefit

Disbenefit
The Council will retain the void costs and loss of income, and the
property will be another vacant unit in this area

Alternative Option Considered
Other offers were received, but this was considered the best
overall offer.

Benefits

Brings employment to the area
Helps to regenerate this area of High Wycombe

Disbenefits
Other offers did not provide best value for money, or did not offer
employment opportunities or bring regeneration opportunities.