Content

To approve the grant of a Contracted- Out lease of Unit B5 at
Moorfield Point to Sheerwater Glass Limited on the following
terms:

Term: 15 Years
Use: Light industrial/warehouse with trade counter
Rent: £41,229 p.a. (payable quarterly in advance)
Rent Free: Upon lease completion, the tenant will benefit from 10
months at half rent. The tenant shall also benefit from an
additional 2 months rent free should the tenant not operate their
option to determine the lease in the 5th Year.
Rent reviews: upward only market rent review at the end of the 5th
and 10th Year
Breaks: Tenant-Only end of years 5 & 10 subject to 6 months
written notice in advance.
Assignment/Subletting: permitted of whole only subject to
AGA.
Deposit: 3 months rent plus sum equivalent to VAT

This decision is made in accordance with the Council’s
General Disposal Consent powers. This letting provides the best
consideration reasonably obtainable.

If you have any queries, then please contact Faye Gunner who will
be happy to provide further information.