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The Council’s tenant of the above
property has requested that they be given a licence to allow the
assignment of Unit 20, Phase 4, Midleton Enterprise Park.

The current lessee Be Seated Hire Ltd wishes to assign its lease to
L & J Interior Design Ltd for the remainder of the lease term
which expires on 25/01/2029. The lease agreement is outside the
security of the Landlord & Tenant Act 1954. The
assignee’s company accounts have been reviewed as part of the
Council’s due diligence process and a 3 month rent deposit of
£3,833.25 will be payable by the assignee.

The proposed assignment provides the ‘best consideration
reasonably obtainable’ where at the time of assignment the
remaining term exceeds seven (7) years.