Purpose

To agree the terms of the new 5-year
lease.

Content

Decision:
To grant a new 5-year lease of
Unit 1 Midleton Industrial Estate, Guildford to Poole Car Storage
Ltd on the terms set out in Appendix 1 (Exempt Information) of this
report.
 
Reason(s):
The proposed new lease
represents best consideration and provides an increase in the
annual rental income stream for the Council.
Granting the proposed new lease
prevents the property becoming vacant with all the costs associated
with a vacant unit falling to the council.
 
Other options considered and
rejected by the Executive:
None.
 
Details of any conflict of
interest declared by the Leader or lead councillors and any
dispensation granted:
None.