Purpose

The tenant has negotiated a deal to take the
currently vacant, Unit 34 Maylord Orchards Centre on a long term
lease.
The deal is a long term deal over 10 years, with a break at year 5
and proposes a good rental income.
The Centre comprises multiple units, some of which have been vacant
for some time and it is important that occupation levels are
maximised so that the holding costs incurred by the Council are
mitigated.
The Council’s external agent for the Centre Wright Silverwood
has recommended the action.
The Terms agreed leave the Tenant responsible for payment of the
rent, landlord Service Charge, business rates, insurance, utilities
and internal repairs.