Purpose

1. The tenant has negotiated a deal to take
the currently vacant, Unit 26 & 27 Maylord Orchards Centre on a
2 year lease.
2. Unit 26 & 27 has been vacant for some time with limited
interest.
3. The Shopping centre comprises multiple retail units, some of
which have been vacant for some time and it is important that
occupation levels are maximized so that the holding costs incurred
by the Council are mitigated.
4. The Council’s external agent for the centre Wright
Silverwood has recommended the action.
5. The Terms agreed leave the Tenant responsible for payment of the
rent, landlord Service Charge, business rates, insurance, utilities
and internal repairs.