Surrender of the Lease of Unit 35 Midleton Enterprise Park to Vacuums 4 U Ltd.

June 12, 2024 Head of Asset Management (Officer) Approved View on council website
Full council record
Content

Vacuums 4 U Ltd. occupy unit 35 at Midleton
Enterprise Park under a lease dated 29th April 2022. They are
seeking a new lease of Units 17 & 18 Midleton Enterprise Park
(as authorised under a previous DA signed on 18th March 2024) and
to surrender their current lease of Unit 35 at the same time.

It is proposed that the surrender of the lease of Unit 35 will take
place simultaneously with the grant of the new lease of Units 17
&18, to ensure that the Council does not have any gap in the
rental income. The tenant will be responsible for remedying any
dilapidations to Unit 35 before the surrender is completed and
there will be no premium payable for this surrender.

This surrender will permit Vacuums 4 U Ltd to take on twice as much
space at Midleton Enterprise Park and double the rent that they pay
to the Council. Unit 35 will be marketed for re-letting.

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

Details

OutcomeRecommendations Approved
Decision date12 Jun 2024