Purpose

Grant of a new 10 year lease term to a
precision engineering company

Content

To approve the grant of a lease of Unit B3 at
Moorfield Point to Apollo Precision Ltd. on the following
terms:

Term: 10 Years
Rent: £39,474 p.a. + VAT (payable quarterly in advance)
Rent Free: 3 Months
Breaks: Tenant-Only after 5 years
Reviews: Open-Market, Upward-Only review after 5 years
Deposit: 6 Months rent + notional 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 George Musgrave who
will be happy to provide further information.