Content

To approve the reviewed rent of the above
property leased to Chamoss International Limited.

In accordance with the 4th Schedule of the lease, the annual
passing rent of £40,000 has been reviewed as at 29/9/23 and
it is proposed to increase it to £55,540.

The increase in rent is in line with ongoing market evidence and
has been agreed after a period of negotiation. Our consultant
recommends the matter is concluded on this basis.

A memorandum will be endorsed on the lease recording this
review.

If you have any queries, then please contact Charles Wood who will
be happy to provide further information.

Reasons for the decision

In accordance with good estate management
practice having regard to the terms of the lease.

Alternative options considered

The decision meets the statutory requirements
for the Council and there were no alternative options
available.