Review Performance Indicators for the Investment Portfolio and Main Risks to the Programme
July 10, 2024 Property and Investments Executive Sub-Committee (Committee) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve the recommendations to consider the Q4 2023/24 performance indicators for the asset management of the Commercial Investment Portfolio and the main risks to the programme.
Full council record
Content
The Property and Investments
Executive Sub-Committee:
a.
Considered the performance indicators for the asset
management of the Commercial Investment Portfolio for Q4
2023/24:
Indicator
Measure
Q4 2023/24
Comments
Total contracted annual income
£18,721,076
Voids
Vacant units as a percentage of total rental
value
3.7%
Reduced from 9.1% at start of 2024 following lettings at
Imperial House, Alchemy and Commerce Park,
Frome
Rent arrears
1.3%
Arrears over 90 days as % of annual contracted
rents
b.
Considered the main risks to the programme set out
under paragraph 10.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 10 Jul 2024 |