Purpose

1. The tenant has served a notice to break
their current lease on 24th January 2023 which consequently will
end their current tenancy on 31st July 2023.
2. The tenant’s wishes to take a new lease of the property on
re-negotiated terms.
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.