Decision

That the lease for Twyver House be varied on the above terms. 

Reasons for the decision

In varying the lease in the manner detailed above, the Council will prevent the tenant from terminating the lease and vacating in 2028, and will secure the tenant for a minimum of a further 2 years.

Alternative options considered

The Council may choose not to vary the lease however the Tenant has confirmed that they will vacate the whole premises in 2028 through triggering the Tenant only break clause.  This will create a significant void resulting in lost rental income and the introduction of void costs pending either redevelopment or re-letting of the space.  Given the condition of the office accommodation, re-letting the space will be challenging in its current form.