Purpose

The council owns a property investment
portfolio held to deliver optimum commercial returns through rental
income that is used to support the council’s strategic
objectives in line with the county plan 2020 – 2024.

The Council has appointed agents to achieve new lettings in respect
of vacant units.

The agents have openly marketed the units and following
negotiations with prospective tenants make fully justified
recommendations as to the terms of the agreements and the level of
rent to be agreed that reflect the current market conditions.