Purpose

To seek approval to grant a new lease at 11 Hazelford Way (“the Property”) to Assist Engineering Limited (“the Tenant”)

Decision

THAT the Portfolio Holder for Resources and Reputation:
1)Authorises the Council to enter into a lease of 11 Hazelford Way to Assist Engineering Limited

Reasons for the decision

Approval to grant the lease of 11 Hazelford Way would ensure that the Council receives an income for the Property which has been vacant for 8 months.
It would also ensure that a business operating within the Borough continues to do so.

Alternative options considered

An alternative would be not to let the unit to the proposed tenant, however the Property is current vacant and therefore the Council are incurring void costs. The longer the Property is empty, the more costs the Council will be liable for.